The Copper Monthly Metals Index (MMI) increased by three points this month to 76, the highest value seen since hitting 78 in May. Individual price increases in the Copper MMI basket fell in the range of roughly 1-6%. LME copper prices managed to regain the $6,200 level but proceeded to move sideways from there due […]
Tag: L1
Oil price spikes, then retreats after assassination of top Iranian general — but what’s next?
The assassination of Iranian top military official Qassem Soleimani outside Baghdad airport last week caused a near 4% surge in oil prices and a drop in share prices as investors took fright at the prospect of an all-out war between the U.S. and Iran. Not long after, however, oil prices retreated over 4% to below […]
Aluminum MMI: Index bounces back after last month’s three-year low
The Aluminum Monthly Metals Index (MMI) bounced off last month’s three-year low with a three-point increase to 86. All prices in the index increased by more than 3%. LME aluminum prices increased in December and surpassed $1,830/mt in early January. Now analysts are watching to see if lackluster demand will allow recent increases to stick.
Automotive MMI: U.S. auto sales decline in 2019, average transaction prices rise
The Automotive Monthly Metals Index (MMI) picked up three points, rising to a January MMI reading of 89. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! U.S. auto sales General Motors reported it delivered 2.89 million vehicles in the U.S. market in 2019, up 12.7% compared with […]
Tensions ease as U.S. presidential election looms ever larger
As we head into not just a new year but a new decade, we could be forgiven for thinking we are in much better shape than we were a year ago. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The British have overwhelmingly affirmed their intent […]
Russia, Ukraine reach new agreement on natural gas transmission
In the short term, a new five-year gas transit agreement between Russia and Ukraine, agreed just 12 days before the current agreement is to expire, is good news for Europe, Russia and Ukraine — a rare example of pragmatism and compromise in today’s winner-takes-all approach to diplomacy. Looking for metal price forecasting and data analysis […]
Global aluminum production reaches 5.19M tons in November
According to recent data from the International Aluminum Institute, global aluminum production in November totaled 5.19 million tons, down from 5.35 million tons the previous month. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Production in November was also down on a year-over-year basis compared with 5.33 million tons produced in November 2018. […]
U.S. steel production up 1.8% in 2019
According to recent data from the American Iron and Steel Institute (AISI), U.S. raw steel production for the year through Dec. 21, 2019, had increased 1.8% compared with the same period in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production for the nearly full year in 2019 totaled […]
Best of 2019: The year in copper, including price fluctuations, AI and Chilean production
Continuing our look back at some of the most-viewed posts of the year on MetalMiner, today we’ll take a look at some of the most popular copper-centric posts of the year. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! We have already reviewed the top steel […]
Best of 2019: The year in steel, from falling prices to a tariff removal
Continuing our look back at some of the most-viewed posts of the year on MetalMiner, today we’ll take a look at some of the most popular steel-centric posts of the year. Below are the top 10 most-viewed steel-centric posts here on MetalMiner this year: Looking for metal price forecasting and data analysis in one easy-to-use […]
