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Copper Prices Stuck As Stockpiles Skyrocket

Sep 26, 2023 at 11:27 | Metal Miner

Via Metal Miner The Copper Monthly Metals Index (MMI) moved sideways from August to September, dropping just 1.36%.…

Unprecedented Gold Hoarding By Central Banks Heralds Financial Sea Change

Sep 25, 2023 at 09:12 | ZeroHedge

My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. The new high confirms the world has entered a…

Are Consumers Willing To Pay A Premium For Low-Carbon Aluminum?

Sep 25, 2023 at 09:08 | Metal Miner

Via Metal Miner   LME aluminum prices edged sideways throughout August, with a modest 1.69% month-over-month rise. Meanwhile,…

Aluminum Oxide Shortage Pushes Russia To Diversify Supply Chain

Sep 22, 2023 at 08:52 | Metal Miner

Via Metal Miner A somewhat desperate Russia has made some interesting moves relating to its need for aluminum oxide, also known as alumina. Recent reports indicate that the…

Historic UAW Strike Spells Uncertainty For Steel Prices

Sep 20, 2023 at 09:10 | Metal Miner

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) moved sideways, with a 2.83% decline from August…

Tata Steel's Port Talbot Set For £1.25 Billion Green Transformation

Sep 19, 2023 at 08:17 | Metal Miner

Via Metal MIner   The UK government and Mumbai-headquartered Tata Steel have reached a preliminary agreement over a…

Is The LME Losing Its Grip On Global Nickel Pricing?

Sep 15, 2023 at 08:59 | Metal Miner

Via Metal Miner The nickel price index continued to trend downward, as it fell to its lowest level since July…

Yen's Dramatic Slide Triggers Unexpected Gold Rush In Japan

Sep 15, 2023 at 08:43 | ZeroHedge

A gold-buying frenzy in hyperinflating banana-republic basket cases such as Venezuela, Zimbabwe, Argentina or Turkey makes sense; one can also imagine Indians and Chinese liquidating rushing to buy…

China's Economic Resurgence Boosts Global Commodity Prices

Sep 14, 2023 at 07:59 | Metal Miner

Via Metal Miner Month-over-month, the Renewables MMI (Monthly Metals Index) ended up dropping significantly by 11.16%. The main…

China’s Credit Growth Boosts Confidence In Iron Ore Markets

Sep 13, 2023 at 08:27 | Metal Miner

Via Metal Miner According to this report, the most-traded January iron ore on China’s Dalian Commodity Exchange (DCE)…

Euro Steelmakers Defy Sluggish Market With Bold Price Hike

Sep 12, 2023 at 07:49 | Metal Miner

Via Metal Miner Steelmakers in Northwestern Europe are seeking an increase of €20 ($20) per metric ton on hot rolled coil. Market sources…

Tata Steel Looks For UK Support To Make £1.2 Billion Green Furnace Upgrade

Sep 11, 2023 at 08:38 | Metal Miner

Via Metal Miner Tata Steel is in talks with the UK government to acquire £500 million ($630 million) in funding. The steelmaking multinational…

China’s Massive Gold-Buying Spree Continues

Sep 08, 2023 at 08:21 | ZeroHedge

After returning to net gold buying in June, central banks continued to add to their gold reserves in July. Globally, central banks reported net purchases of…

Auto Union Strike Could Crush Steel Demand

Sep 07, 2023 at 08:49 | Metal Miner

Via Metal Miner Month-over-month, the Automotive MMI (Monthly Metals Index) slid downward by 3.42%. Steel prices within the…

Are China's Export Restrictions A Blessing In Disguise For The U.S.?

Sep 05, 2023 at 09:11 | Metal Miner

Via Metal Miner Seeing its first significant rise in over eight months, the Rare Earths MMI welcomed a boost of 6.84% month-over-month. Indeed,…

LME's Reputation On The Line After Nickel Fiasco

Sep 01, 2023 at 09:01 | Metal Miner

Via AG Metal Miner The Stainless MMI continues its decline this month. Moreover, nickel prices continue to show…

Massive Copper Theft Scandal Sends Shockwaves Through Metal Market

Sep 01, 2023 at 08:58 | ZeroHedge

Shares of Europe's top copper producer in Frankfurt trading plummeted following an announcement that it might have fallen victim to a massive theft, potentially leading to losses of…

Global Aluminum Market Set For Major Shake-Up

Aug 25, 2023 at 08:47 | Metal Miner

Via Metal Miner It’s called the “nickel model,” and China hopes to duplicate it for its aluminum industry. Indeed,…

Will Precious Metals Rebound?

Aug 25, 2023 at 08:30 | Metal Miner

Via Metal Miner The Global Precious Metals MMI did not deviate far from its ongoing sideways trend. Indeed,…

World’s Largest Miner Expresses Concern About Chinese Growth

Aug 24, 2023 at 09:33 | Tsvetana Paraskova

China’s demand for commodities including iron ore and copper is uncertain in the coming months and largely depends on how effective Chinese policies to jumpstart the underwhelming economic growth and…

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