Among many other things, India is a land of auto rickshaws (or “tuk-tuks,” as they are called in Thailand). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook These three-wheeler “traffic dodgers” are a common sight on Indian roads. They also form part of India’s exports to other nations in Southeast […]
Tag: L1
Renewables MMI: Plate Prices Fall, Glencore Enters Cobalt Supply Agreement
The Renewables Monthly Metals Index (MMI) ticked up one point this month, rising to a June MMI value of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore, Umicore Reach Cobalt Supply Agreement As we reported last month, miner Glencore reached an agreement with Umicore in which it would supply […]
Stainless MMI: LME Nickel, Stainless Surcharges Fall Back
The Stainless Steel Monthly Metals Index (MMI) dropped two points again this month, now down to 67. The index stayed relatively flat during the past few months since jumping in February from 61 to 68. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Several prices in the index dropped significantly […]
Rare Earths MMI: China’s Rare Earths Dominance Takes Center Stage
The Rare Earths Monthly Metals Index (MMI) picked up three points, rising to a June MMI value of 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Rare Earths In light of last month’s developments in the long-running U.S.-China trade talks, MetalMiner’s Stuart Burns delved into what could be a […]
Aluminum MMI: Tight Aluminum Supplies Stave Off Further Price Drops For Now
This month the Aluminum Monthly Metals Index (MMI) decreased, with weakness coming from all the prices tracked globally. The index value dropped back two points to 86, back to February levels after holding at 88 for three months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME aluminum prices occasionally […]
Construction MMI: April Spending Down 1.2% Year Over Year; Billings Bounce Back
The Construction Monthly Metals Index (MMI) retreated this month, falling three points for a June MMI value of 81. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in April came in flat compared to March, but dropped 1.2% compared to April 2018, the U.S. Census […]
Automotive MMI: Toyota, Fiat Chrysler Sales Rise; Overall May U.S. Sales Fall
The Automotive Monthly Metals Index (MMI) dropped five points, down to a June MMI value of 86. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Sales Fiat Chrysler’s May sales increased 2% year over year, reaching 218,702 vehicles for the month. “On a year-over-year basis we have increased our […]
Gold is Outperforming the Wider Commodities Sector
Some commentators were all over the gold price this week, with Kitco News writing gold “took off like a rocket this week. “The last three days in the metals have been strong, with both gold and silver exploding higher,” the Kitco News report said. Need buying strategies for steel? Request your two-month free trial of […]
The Oil Price is Down for Now, but Where is it Off to Next?
Oil prices are on track for their largest monthly decline in six months, the online trade journal oilprice.com writes. The Trump administration exacerbated the selloff with another threat of tariffs, this time against its southern neighbor Mexico if it does not stem the flow of immigrants across the border. President Donald Trump threatened to apply […]
Baowu Steel Moves Relentlessly Toward Distinction of World’s Largest Steelmaker
The planned merger of Chinese behemoth Baowu Steel Group with a smaller rival is painted in rather dramatic terms, as if it is to be something that is feared. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In practice, we should see this as a positive move. The Financial Times […]
