This morning in metals news, the copper price picks up, the Bureau of Labor Statistics released Consumer Price Index (CPI) data and the National Australia Bank lifted its forecast for iron ore. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Rises The London copper price picked up Wednesday, […]
Tag: LME
Copper MMI: Prices Edge Up As Global Demand Growth Outpaces Supply Growth
The Copper Monthly Metals Index (MMI) hit 76 this month, up 2.7% after a decrease last month — yet it remains in an oscillating pattern that began in the summer of 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices trended upward this month but were still […]
This Morning in Metals: E.U. Approves New Steel Safeguard Measures
This morning in metals news, the E.U. approved new steel import curbs extending until 2021 with a vote Wednesday, the copper price picked up as the U.S. dollar loses momentum and the United States Trade Representative (USTR) says it will set up a system for exclusions if the tariff rate increases on the $200 billion […]
This Morning in Metals: London Copper Jumps 1%
This morning in metals news, LME copper jumped 1% Thursday, China Minmetals Corporation will buy over 2 million tons of iron ore from miner Rio Tinto next year and India is challenging a World Trade Organization (WTO) ruling on its steel safeguard against Japan. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME […]
This Morning in Metals: North American Aluminum Associations Petition for Tariff Exemptions
This morning in metals news, North American aluminum associations wrote a joint letter asking for quota-free tariff exemptions for Canadian and Mexican aluminum, European automakers plan to try out new LME steel contracts launching next year, and the LME copper price has dropped ahead of the U.S. midterm elections. Need buying strategies for steel? Request […]
London Metal Exchange Announces New Contracts as Competition Rises
The London Metal Exchange is feeling the heat from rivals CME and the SHFE, it would seem. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In an announcement last week reported by Reuters, the 141-year-old exchange advised it was introducing a plethora of new contracts to woo customers increasingly attracted […]
LME Aluminum Price May Appear to be in Bear Territory … But Not Yet
Falling aluminum prices over the last month have given rise to some asking if aluminum is now on a prolonged downward trend. Tempting as it is to look at day-to-day movements, a more holistic analysis suggests otherwise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As a recent Reuters article suggests, […]
LME Launches New Pricing Model to Attract Smaller Users, Investors
A London Metal Exchange press release this week announced the exchange’s introduction of a new pricing option on its electronic trading platform, LMEselect. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Following feedback from the LME’s 2017 consultation exercise, the exchange has extended the implied pricing mechanism already in operation on […]
Week in Review: Auto Hearings, Wind Energy, Cobalt and a Uranium Investigation
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner®: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India sought consultations with the U.S. over its steel and aluminum tariffs. The Department of Commerce launched anti-dumping […]
Is the LME Warehouse System in Crisis?
Never let it be said that metals markets are not dynamic (and I am not talking about metals prices). Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After the financial crisis, the one area of the market that was making money was the stock and trade financiers, plus the warehouse companies […]
