Copper price and prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic button.” According to this CNN Business article, the commodity’s 11% drop over two weeks shows that global growth is slowing. However, not everyone agrees. Chile’s […]
Tag: Copper
Copper MMI: LME copper prices slide ahead of Fed rate hike
Copper prices rebounded sharply after declines in early May. While prices continue to find a bottom on a macro scale, they remain sideways in the short term. As a result, copper has been unable to establish a clear direction, either bullish or bearish.The Copper Monthly Metals Index (MMI) fell by 2.89% month over month. Copper […]
Big Trouble in Big China: Lack of Metals Demand
Metal processors and traders throughout China are facing a grim reality today. Thanks to major economic shifts both within the country and without, metals demand has plummeted. Of course, it’s not great news for the world’s biggest metals manufacturer. But what does it mean for the rest of the world? A Hard Few Years with […]
Metal Market News: Glencore Hit By Record Fines
$1.5 billion US is a lot of money by any measure. However, the reality is that Glencore is making so much in this climate of metal scarcity and elevated prices, they likely won’t have a hard time accommodating the fine. So when metal market news broke of their massive, three nation fine, there was not […]
Copper MMI: Copper Prices Fall with Chinese Lockdowns
Starting in late April, copper prices began to take out prior lows. It seemed like an attempt to find a bottom and reestablish a potential bullish reversal in the short term. The Copper Monthly Metals Index (MMI) fell by 3.04% month over month. Know what to do when the trend shifts. Related article: The Art […]
The Metals Forecast: Are The Bears Back in Town?
Following a strongly inflationary metal environment in Q1, Q2 2022 is looking like a whole different ballgame. Indeed, it’s no secret that the global economy is currently facing a number of major challenges. Alone, none of these would be enough to derail us from last year’s strong rebound. When added together, however, they’re helping to […]
MetalMiner Q&A: LME nickel turmoil, volume volatility and what’s next for the exchanges
The MetalMiner team has broken down the significant fluctuations in the LME nickel contract this month. But now that a few weeks have passed since the LME first suspended trading, it’s time to take a look at some other interesting trends at play on the LME and elsewhere. In this question-and-answer session, MetalMiner’s Stuart Burns […]
Copper MMI: The sideways trend continues
The Copper Monthly Metals Index (MMI) held flat at 119 from January to February. Copper prices continued to trade sideways within tighter and tighter ranges, with no clear short-term price direction. Nonetheless, copper prices remain bullish on longer time frames. Chilean assembly considers copper nationalization Members of an environmental committee in Chile voted for mine […]
This Morning in Metals: Copper prices pick up
This morning in metals news: LME copper prices have ticked up; the U.S. monthly trade deficit increased from October to November; and, lastly, WTI crude prices made some gains this week. You want more MetalMiner on your terms. Sign up for weekly email updates here. Copper prices rise Copper prices had trended firmly in between […]
This Morning in Metals: Copper prices move sideways; construction employment rises; Northvolt assembles first lithium-ion battery cell at Swedish gigafactory
This morning in metals news: copper prices have moved sideways to close 2021; meanwhile, the U.S. construction sector added jobs in November; and, finally, Northvolt said it had produced the first lithium-ion battery cell at its gigafactory in Sweden. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, […]
