The Raw Steels Monthly Metals Index (MMI) traded sideways this month, driven by slower domestic steel price momentum. The current Raw Steels MMI fell to May 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have started to fall slightly. Prices traded lower in August, showing […]
Tag: L9
Global Precious MMI: Huge Platinum-Palladium Spread Drives Subindex’s Drop
MetalMiner’s Global Precious Monthly Metals Index (MMI) — tracking a basket of platinum, palladium, gold and silver prices in several geographies across the globe — continues its trek downward. Wondering how your stainless steel prices compare to the market? Benchmark with MetalMiner The Global Precious MMI clocked a value of 81 for its September […]
Rare Earths MMI: China’s Ministry for Industry and Information Technology Raises Rare Earths Quota
The Rare Earths Monthly Metals Index (MMI) dropped one point this month, falling for a reading of 17. Metal Buying Outlook: Request Your Two-Month Free Trial China Raises Quota for Rare Earth Smelting, Separation On Aug. 27, China’s Ministry for Industry and Information Technology announced it would increase the quota on rare earth smelting and separation. […]
Shale Gas Expansion is Slowing
To be fair, not all shale gas drilling is slowing, but in the Permian Basin, which has seen the most incandescent growth in recent years, according to the Financial Times, growth is slowing markedly, according to Schlumberger, Halliburton and the U.K.’s Weir Group – all majors suppliers to, or active players in, the fracking industry. Need […]
Construction MMI: July Construction Spending Rises 5.8% Year Over Year
The Construction Monthly Metals Index (MMI) picked up two points this month, rising 2.2% for a September reading of 92. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in July — the most recently available month for Census Bureau data — hit $1,315.4 billion, which […]
Argentina’s Latest Financial Crisis: Have We Been Here Before?
Argentina is not exactly Venezuela, but you could be forgiven for shaking your head at the sheer ineptitude of Argentinian politicians who have presided over yet another economic crisis and have been forced to go to the IMF yet again for a $50 billion bailout. Need buying strategies for steel? Try two free months of […]
Indian Exporters of Rare Earths Protest Government’s Export Prohibition
Rare earth exporters in India have lodged protests after the government snatched their rights to send these precious elements abroad. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rare-earth metals are a group of 17 elements, which are found in geological deposits. Some of the most abundant metals in the world […]
Russian Sanctions Remain a Threat to Metals Markets
Following Russia’s military intervention in Ukraine in February 2014 — the Ukrainian crisis, as it became known as — a number of countries imposed sanctions on Russia led by the United States and Europe, but supported by many others like Canada, Australia and Japan. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The […]
Mexico Launches Anti-Dumping Probe on Chinese Aluminum Foil
Just last year, the U.S. Department of Commerce kicked off an investigation of imports of aluminum foil from China; in February, it issued a final affirmative determination in its anti-dumping and countervailing duty cases. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Last week, Mexico announced it was going in a similar direction. […]
Global Crude Steel Production in July Rises 5.8% Year Over Year
Global crude steel production was on the rise last month, jumping 5.8% compared with July 2017, according to a World Steel Association report this week. That rate is down from the 8.5% posted in July 2017 and the 6.4% in June 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According […]
