Tag: LME

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern

Copper MMI: Copper Prices Rise to Highest Level Since April Amid Supply Concern copper prices

By mid-March, copper prices hit their highest level since April 2023. Prices previously found a bottom in early February before strong upside momentum saw them topple previous peaks within their long-term sideways trend. While prices clocked a moderate1.74% month-over-month decline throughout February, they rose 4.12% during the first two weeks of March. Overall, the Copper […]

Will Electric Cars Benefit or Threaten Europe’s Aluminum Industry?

Will Electric Cars Benefit or Threaten Europe’s Aluminum Industry?

Are electric cars going to benefit or threaten Europe’s aluminum industry? At first, it might appear a stupid question. However, it is also one that aluminum industry news sources continue to ask. The average European EV contained 283kgs of aluminum in 2022 compared to 169kgs for ICE vehicles. That is according to a study by […]

Copper MMI: Deep Market Contango, Index Moves Sideways

Copper MMI: Deep Market Contango, Index Moves Sideways

Copper prices saw a 1.90% increase during the final month of the year. By late December, this managed to bring them to their highest level since August, leading to mixed copper price forecasts for 2024. However, prices began to retrace from their 5-month peak by the start of 2024. By mid-January, they remained trapped within […]

Aluminum MMI: U.S. Demand Muted, Russian LME Stocks Hit 90%

Aluminum MMI: U.S. Demand Muted, Russian LME Stocks Hit 90% Russian aluminum in LME warehouses

Following a more than 8% month-over-month increase in December, aluminum prices retraced during the first weeks of January, returning to their sideways trend. Markets appeared to shake off alumina supply jitters that saw prices spike at the end of 2023, as global demand remains muted. Nonetheless, there remains no expert consensus as to the overall […]

Aluminum MMI: Aluminum Prices Sideways as UK Sanctions Leave Market Uncertainty

Aluminum MMI: Aluminum Prices Sideways as UK Sanctions Leave Market Uncertainty Aluminum ingot and aluminum prices for December 2023

Aluminum prices continued to trade sideways during November and the first three weeks of December. Amid the long-term consolidation, prices sit only 6% beneath where they stood at the start of the year.  Overall, the Aluminum Monthly Metals Index (MMI) remained sideways, with a modest 0.34% decline from November to December. MetalMiner’s 2024 Annual Metals […]

CMC Poland Opens New Rolling Mill, London Metal Exchange Explores New Nickel Contract Options

CMC Poland Opens New Rolling Mill, London Metal Exchange Explores New Nickel Contract Options

According to an official with the bourse, the London Metal Exchange (LME) is not ruling out the prospect of introducing contracts connected with Category II nickel. This comes despite the incident with the LME nickel contract back in March 2022. “We are focusing on the contract as we have it,” said Robin Martin, the bourse’s […]

Copper MMI: Copper Prices Fall to Lowest Level Since November 2022 Amid Surplus Forecast

Copper MMI: Copper Prices Fall to Lowest Level Since November 2022 Amid Surplus Forecast copper price

Although some moved sideways with more modest declines, all components within the overall index saw copper prices trade lower during the month. As a result, the Copper Monthly Metals Index (MMI) declined 2.34% from September to October. Subscribe to MetalMiner’s free weekly newsletter now and generate the most ROI possible within falling copper markets.  Copper […]

Copper MMI: Copper Prices Trapped in Sideways Trend as Inventories Triple

Copper MMI: Copper Prices Trapped in Sideways Trend as Inventories Triple

The Copper Monthly Metals Index (MMI) moved sideways from August to September, dropping just 1.36%. Copper prices continue to trade sideways within a tight range. Amid a lack of bullish or bearish momentum, prices have failed to establish a breakout. Following a 3.34% decline throughout August, prices slid merely 0.53% during the first three weeks […]

Stainless MMI: Stainless Inventories High, Mill Lead Times Low as Base Prices Hold Firm

Stainless MMI: Stainless Inventories High, Mill Lead Times Low as Base Prices Hold Firm british steel: steel rolls

The nickel price index continued to trend downward, as it fell to its lowest level since July 2022 by mid-September. Following an over 7% decline during August, prices fell nearly 3% during the first two weeks of September. As prices drop toward historical support zones, they come close to wiping out nearly all gains from […]

LME Quotation Anxieties Cause Aluminum Buyers Lose Sleep

LME Quotation Anxieties Cause Aluminum Buyers Lose Sleep Stuttgart, Germany - 03-28-2022: Smartphone with website of Brit

MetalMiner actively posts on a variety of metals and market developments. However, we prefer to discuss topics that our clients bring to us, especially those that keep buyers awake at night. One such topic that has been recurring over recent months is the anxiety surrounding the LME aluminum quotation. Specifically, there has been a lot […]

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