Major metals industry players Alcoa and Rio Tinto last week announced the world’s first carbon-free aluminum smelting process, which the firms billed as “the most significant innovation in the aluminium industry in more than a century.” Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The firms announced the innovation, which is the development of […]
Tag: L1
Stainless Steel MMI: Subindex Inches Upward on Rising LME Nickel Prices
In May, the Stainless Steel Monthly Metals Index (MMI) once again inched one point higher. The current reading stands at 77 points. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The subindex inched higher driven by increasing LME nickel prices. Meanwhile, other related metals in the stainless steel basket traded flat. […]
Aluminum MMI: Skyrocketing Prices Power Six-Point Surge
The May Aluminum Monthly Metals Index (MMI) increased six points. Skyrocketing LME aluminum prices drove the subindex value increase. The current Aluminum MMI subindex stands at 100 points, 6.4% higher than in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum price momentum recovered strongly in April. LME aluminum prices reached […]
Copper MMI: Copper Prices Bounce Back Up
The Copper MMI (Monthly Metals Index) increased one point in May. Stronger LME copper prices led the increase. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook LME copper prices recovered previous price momentum and increased in April. At the beginning of last month, LME copper prices fell. At this point, buying […]
Where is the Next Economic Crisis Coming From?
Be assured there will be a next crisis — there always is, sooner or later. It is the nature of economic cycles that markets get out of balance and have to readjust. That sounds like rather a benign process, but of course we all know there is plenty of pain and many casualties when it […]
Global Precious MMI: What’s in the Forecast for Platinum, Palladium Prices?
MetalMiner’s Global Precious Monthly Metals Index (MMI), tracking a basket of precious metals from across the globe, held steady for April and remained at an index value of 88 for the second straight month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Ultimately, all else being equal, we can attribute the […]
Construction MMI: March Spending Up Year Over Year But Down 1.7% From February
The Construction Monthly Metals Index (MMI) increased four points, up to 95 for our May MMI reading. Within the basket of metals, Chinese rebar was down slightly on the month, while Chinese H-beam steel jumped 5.4%. U.S. shredded scrap steel rose 3.0%. European aluminum sheet jumped 4.9%. Chinese aluminum bar jumped 8.2%. Need buying strategies for steel? Try […]
Automotive MMI: U.S. Auto Sales Drop in April
The Automotive Monthly Metals Index (MMI) tracked back slightly this past month, losing one point to fall to a reading of 102 for our May MMI, as U.S. auto sales dropped in April. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Within the basket of metals, U.S. HDG got a slight boost, as […]
Steel, Aluminum Tariffs Postponed for Another 30 Days
Following intense lobbying by French President Emmanuel Macron and German Chancellor Angela Merkel — plus, it must be said, the whole European steel industry and many consumers in the U.S. — U.S. President Donald Trump has announced a delay in the imposition of steel and aluminium tariffs on Canada, Mexico and, crucially, the European Union […]
Brexit, Part 1: No … It Hasn’t Gone Away
Few national stories preoccupy the newsfeeds day in, day out — short of war or rebellion — quite like Brexit has in the U.K. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The irony is little progress has been made on the terms of Britain’s separation from the European Union since […]
