In spite of their status as precious metals, the automotive industry accounts for a high percentage of platinum and palladium demand annually, making the pair essentially industrial metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Given that a high percentage of demand generated from the automotive industry relates to […]
Tag: palladium
Global Precious MMI: Trading Places: Subindex Drops 1.1% as Metals Swap Trends
No, we’re not talking about Eddie Murphy and Dan Aykroyd (although we do love that classic film). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Global Precious Monthly Metals Index (MMI) has just entered a two-month downtrend, with global trade uncertainties and other economic worries serving as a backdrop. […]
Global Precious MMI: Subindex Cools on Palladium, Platinum Price Declines
After a scorching six-month uptrend, the Global Precious Monthly Metals Index (MMI) couldn’t get any hotter even as spring officially came around the corner, finally succumbing to a cooldown in April. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The subindex tracking a basket of gold, silver, platinum and palladium […]
Global Precious MMI: Palladium Prices Singlehandedly Heating Up a Frigid Winter
If you’re in the midwestern U.S., chances are your March has gotten off to a more-frigid-than-normal start. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Not so for the Global Precious Monthly Metals Index (MMI), which has gotten even hotter. The subindex tracking a basket of gold, silver, platinum and […]
Global Precious MMI: Platinum-Palladium Spread is the Largest in MMI History
Last month, we wrote that winter was apparently “just heating up” for the Global Precious Monthly Metals Index (MMI). Turns out we were right. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The subindex tracking a basket of gold, silver, platinum and palladium prices from four different geographies shot […]
Automotive MMI Falls to 17-Month Low as Producers Pray for China Rebound
The Automotive Monthly Metals Index (MMI) fell 3.2% to a value of 92 this month, its lowest level in 17 months. After riding high during mid-2017, above the baseline of 100, the Automotive MMI sub-index — tracking a basket of industrial metals and materials crucial to the automotive sector — has been in a continued overall […]
Palladium is the New Gold
After surging more than 50% in the last four months, palladium — that previously little-discussed Platinum Group Metal (PGM) — reached $1,255.12/ounce, surpassing gold for the first time in 16 years last week, according to The New York Times. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Driven by both […]
Global Precious MMI: Is Palladium Price High Enough to Make GM Flirt With Substitution?
MetalMiner’s Global Precious Monthly Metals Index (MMI), tracking a basket of platinum, palladium, gold and silver prices in several geographies across the globe, is now officially in a two-month uptrend this November after several months of declines. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Global Precious MMI came […]
Palladium Price Continues to Soar
With just over two months left in the calendar year, one can look back and see what a bumpy road it has been for some metals. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Not so for palladium. The platinum-group metal (PGM) hit a record high Tuesday, Reuters reported, on account of tight […]
Global Precious MMI: Higher Platinum, Palladium Prices May Have to Wait for 2019
Last month we noted that record-low prices characterized the Global Precious Monthly Metals Index (MMI) monthly reading and posed the question: will there be more price drops to come? Need buying strategies for steel? Try two free months of MetalMiner’s Outlook From the looks of it, the short answer to that is … yes. Here’s […]