This morning in metals news, a Turkish military pension fund has reportedly reached a tentative deal to buy the ailing British Steel, copper prices held flat Friday and the latest round of tariffs could impact China’s ability to prop up its economy. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Tag: LME
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
U.S. Midwest Premium Remains High to Consumers’ Chagrin
Aluminum base prices on the London Metal Exchange (LME) have been sliding for the last couple of months, suggesting we have a market in surplus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last […]
Aluminum MMI: Aluminum Prices Fall Despite Global Supply Deficit
The May Aluminum Monthly Metals Index (MMI) held flat at 88 for the third month running, with gains in Chinese aluminum prices negated by weak LME prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME aluminum prices trended downward throughout April, down to recent January 2019 lows. However, prices […]
LME Kicks Off Consultation on Proposed Responsible Sourcing Principles
The London Metal Exchange today announced it is launching a formal consultation on proposed rules for “the application of responsible sourcing principles to all LME-listed brands.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our comprehensive market engagement exercise has revealed strong support for the LME taking action on this […]
Tin Prices are Finally Slowing Down After a Hot Start to the Year
LME tin prices surged from December 2018 into late February 2019, rising almost weekly throughout the period. In that period, the LME tin price hit $21,870/mt at its short-term peak — up around 20% in about three months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Once prices turned around, […]
Are LME Cobalt Futures on Track for a Record Volume Year?
Interest in cobalt increased recently as the price fluctuated widely during the past year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One reason for the increased interest comes from the metal’s uses in advanced applications, such as in aerospace and biotech. Interest also surged due to cobalt’s use in […]
This Morning in Metals: LME Steel Contract Launch Could be Delayed
This morning in metals news, Reuters reports the launch of the London Metal Exchange’s planned steel contract will likely be pushed back to 2020, China’s average daily steel output in January and February increased, and India’s imports of iron ore were up 157% during the April-December 2018 period. Need buying strategies for steel? Request your […]
Aluminum MMI: Aluminum Prices Decline While Monthly Index Gains 2.3%
The March Aluminum Monthly Metals Index (MMI) increased again this month, rising 2.3% for an index value of 88, up from February’s value of 86. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices ended February near the price at the month’s outset, thus ending only slightly higher month on month […]
LME Moves to Save the Cobalt Contract
You can’t please all of the people all of the time and the more people you are trying to please the harder it gets. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook When you are the largest and oldest metals exchange in the world and are trying to balance often […]
