Month-over-month, the Renewables MMI (Monthly Metals Index) ended up dropping significantly by 11.16%. The main culprit for this was cobalt prices dropping significantly in August, despite prices flattening again in the beginning of September. Steel plate prices also found support as of September 6th. Most other components of the index moved sideways or slightly up, […]
Tag: GOES MMI
Renewables/ GOES MMI: Cobalt Rallies, Renewable Energy Storage Facilities Expanding
The Renewables MMI (Monthly Metals Index) saw little movement month-over-month. The index held sideways and only dropped a mere 0.12%, just narrowly missing trading flat. Moreover, the main factor which pushed the index sideways instead of down (according to renewable energy news) was cobalt rallying. It’s the first significant price rise cobalt has seen since […]
Renewables/GOES MMI: Index Rises Slightly, U.S. Short on EV Charging Stations
The Renewables MMI (Monthly Metals Index) continued to edge sideways, this time rising by just 2.64%. Cobalt and neodymium rising in price contributed the most to the index’s upward movement. This occurred despite massive oversupplies of cobalt, which is crucial to utilizing renewable energy sources like EV batteries. Meanwhile, grain-oriented electrical steel dropped month-over-month, with […]
Renewables/GOES MMI: Slowing Economy Could Impact Renewable Energy Companies’ Projects
The Renewables MMI (Monthly Metals Index) dropped by 3.65% between March and April. This represents the index’s most significant drop since November 2022. Despite this, the index still has yet to break out of its sideways trend. However, the falling economy continues to keep both renewable energy companies and investors on edge. The Inflation Reduction […]
Renewables/GOES MMI: Steel Plate Drops While Battery Metals Hold Strong
The December Renewables MMI (Monthly MetalMiner Index) traded sideways, practically in a straight line. Overall, metal prices within the index only dropped 0.83%. This sideways trend contrasts sharply with the steep drop renewables saw just six months ago. Battery metals within the index, such as cobalt and silicon, held a steady sideways trend, only rising […]
Renewables/GOES MMI: Biden uses Defense Production Act to boost domestic production of battery materials
The Renewables Monthly Metals Index (MMI) slipped by 2.5% for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Keep up with MetalMiner’s latest analysis of metals markets in the MetalMiner weekly newsletter. Biden looks to Defense Production Act to boost domestic production As we noted in […]
Renewables/GOES MMI: Cobalt prices rise; US aims to strengthen supply chains for critical minerals
The Renewables Monthly Metals Index (MMI) picked up by 6.0% for this month’s reading, as cobalt prices picked up and the U.S. government last month announced a number of efforts aimed at strengthening domestic supply chains for critical minerals. Keep an eye on the MetalMiner weekly newsletter for analysis of everything going on in the world […]
Renewables/GOES MMI: EIA forecasts rise in electricity generation from renewables
The Renewables Monthly Metals Index (MMI) rose by 2.9% for this month’s reading. EIA: electricity generation from renewables to rise in 2022, 2023 The Energy Information Administration forecast the U.S. share of electricity generation from renewables will rise in 2022 and 2023. “Our forecast for the natural gas share as a generation fuel declines primarily […]
Renewables/GOES MMI: Northvolt produces battery cell with 100% recycled nickel, manganese, cobalt
The Renewables Monthly Metals Index (MMI) rose by 3.9% this month. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Want MetalMiner directly in your inbox? Sign up for weekly updates now. Northvolt produces first battery cell with 100% recycled cobalt, nickel, manganese In the battery market, Swedish firm Northvolt announced […]
Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel
The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give […]
