The Stainless Monthly Metals Index (MMI) followed last month’s six-point increase with a 16-point jump this month. Once again, the index surge came as a result of strong nickel price gains, even though a slim majority of global prices in the index declined (albeit mildly compared to nickel price increases). Need buying strategies for steel? […]
Tag: nickel
Stainless MMI: Index Jumps Six Points on Nickel Price Surge
The Stainless Steel Monthly Metals Index (MMI) jumped six points for an August reading 75 on the back of strong nickel price gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Within the Stainless MMI basket, LME nickel prices increased the most once again this month, recording a 13% increase. […]
This Morning in Metals: Nickel Prices Fall on the Heels of Earlier Surge
This morning in metals news, the nickel price rally appears to have lost some steam, iron ore prices have started to come back down to earth and a Chinese company pulls out of the bidding for British Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nickel Price Slides After […]
Indonesia’s Export Ban Update Drives Nickel Price Rise
After drifting off from a spring high, the nickel price has flatlined in the second quarter (along with much of the rest of the metals complex). However, the metal has put in a surprisingly strong performance in just the last week due to Indonesia’s announced export ban spooking market concerns about supply, according to the Financial Times. […]
This Morning in Metals: Vale’s Q1 2019 Iron Ore Output, Sales Fall After Dam Disaster
This morning in metals news, Brazilian miner Vale SA reported its Q1 2019 production totals, ArcelorMittal is idling mills in Europe and U.S. Rep. Betty McCollum questioned Interior Secretary David Bernhardt regarding plans to advance copper-nickel mining in northeastern Minnesota. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Vale SA […]
Glencore Q1 Copper Production Falls 7%, Cobalt Rises 56%
Miner Glencore reported its Q1 2019 production figures this week, showing own-sourced copper production dipped 7% year over year, while cobalt production surged 56% year over year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore’s copper production totaled 320.7 kt in Q1 2019, while cobalt production reached 10.9 kt. According […]
Metal Prices Gain Momentum in February
On the heels of the doldrums of December, metals prices have made gains through the first two months in 2019. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook February was an especially strong month for a number of metals. However, markets are especially sensitive to any snippets of news coming out of the […]
The January MMI Report: Metals Slump to Close Action-Packed 2018
With the January 2019 Monthly Metals Index (MMI) report, we can close the book on 2018 and what was a wild year in the world of metals and metals price movements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was a book that closed with a pessimistic chapter for […]
Morning in Metals and Week in Review: Cars, Cuba and Brexit, Oh My!
This morning in metals, here are a couple news items that piqued our interest: China giving the U.S. a break in trade “war” by lifting the tariff on cars… According to a story originally reported by Bloomberg today, China will lift the 25% retaliatory duty on cars for three months (thanks, China!) in an effort to […]
WBMS Report Shows Metal Deficits Can’t Fend Off Falling Investor Appetite
The World Bureau of Metal Statistics’ (WBMS) most recent press release makes for curious reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Covering as it does the first three quarters of this year, the January to September period, you could read the report and then ponder the recent price direction […]
