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1 month ago | 
nrinvesting.com | Nichole Bastin |Michael Barnard |Jose Pontes |Kyle Field
The Aluminum Monthly Metals Index (MMI) remained sideways with an upward bias. Overall, the index rose 1.16% from February to March, supported by modest increases in global aluminum prices. The aluminum market has started to settle following a sharp uptrend in U.S. premiums that began late last year. Since the start of Q4 2024, the aluminum Midwest premium and its three-month futures contract rose by 107% and 90%, respectively.
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1 month ago | 
oilandinvest.com | Nichole Bastin |Zachary Shahan |Alexandra Eastwood |Jose Pontes
The Aluminum Monthly Metals Index (MMI) remained sideways with an upward bias. Overall, the index rose 1.16% from February to March, supported by modest increases in global aluminum prices. The aluminum market has started to settle following a sharp uptrend in U.S. premiums that began late last year. Since the start of Q4 2024, the aluminum Midwest premium and its three-month futures contract rose by 107% and 90%, respectively.
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1 month ago | 
nrinvesting.com | Nichole Bastin |Dávid Havasi |Zachary Shahan |Remeredzai Joseph Kuhudzai
The Stainless Monthly Metals Index (MMI) remained sideways, supported by modest increases among most of its components. The index rose by a modest 0.56% from February to March. Meanwhile, nickel prices continued their uptrend. Outokumpu closed out February announcing reductions to a number of stainless steel discounts. Beginning March 1, a range of materials, including several 200, 300 and 400 series cold and hot rolled products, saw their prices increase.
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1 month ago | 
oilandinvest.com | Nichole Bastin |David Waterworth |Jose Pontes
The Stainless Monthly Metals Index (MMI) remained sideways, supported by modest increases among most of its components. The index rose by a modest 0.56% from February to March. Meanwhile, nickel prices continued their uptrend. Outokumpu closed out February announcing reductions to a number of stainless steel discounts. Beginning March 1, a range of materials, including several 200, 300 and 400 series cold and hot rolled products, saw their prices increase.
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1 month ago | 
oilandinvest.com | Nichole Bastin |Remeredzai Joseph Kuhudzai |Kyle Field
Rising steel prices saw the Raw Steels Monthly Metals Index (MMI) jump by 5.59% from February to March. As of mid-March, steel prices remained decidedly bullish and in search of a new peak as U.S. tariffs set the market on fire. Hot rolled coil prices hit their highest level since February 2024, up over 34% since the start of the year.
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1 month ago | 
nrinvesting.com | Nichole Bastin |Michael Barnard |Alexandra Eastwood |Derek Markham
The Chicago chapter of the Association of Women in the Metal Industries (AWMI) hosted its January event featuring a market outlook presentation from Ping Liang, the Market Intelligence Manager at Nucor. Liang discussed Nucor’s 2025 steel market outlook, highlighting both the strength of the U.S. economy in years past and a forecast of what is to come. AWMI is a vital organization within the metals industry, offering networking and educational opportunities in an inclusive environment.
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2 months ago | 
nrinvesting.com | Nichole Bastin |Paul Fosse |NR Investing |Janine Clements
The Stainless Monthly Metals Index (MMI) remained sideways, but continued to slide. Overall, the index fell by 0.72% from January to February as nickel prices remained consolidated. The chaos of tariffs seems lost on large portions of the stainless steel market. For many, the return of a blanket 25% duty on all aluminum and steel imports has had a significant short-term impact. Sources from the aluminum market reported rapid-fire price jumps as concerned buyers rushed back into the market.
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2 months ago | 
nrinvesting.com | Nichole Bastin |David Waterworth |Remeredzai Joseph Kuhudzai |Marilyn Scales
The Copper Monthly Metals Index (MMI) held sideways, although the upside bias appeared to accelerate. In total, the index rose 1.64% from January to February, supported by rising U.S. copper prices. Keep up with the latest tariff news impacting copper prices. Subscribe to MetalMiner’s free weekly newsletter. Traders continue to price the expectation of tariffs in the United States. Meanwhile, Comex copper prices closed February 10 at their highest level since October, reaching $10,163/mt.
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2 months ago | 
oilandinvest.com | Nichole Bastin |Zachary Shahan
The Copper Monthly Metals Index (MMI) held sideways, although the upside bias appeared to accelerate. In total, the index rose 1.64% from January to February, supported by rising U.S. copper prices. Keep up with the latest tariff news impacting copper prices. Subscribe to MetalMiner’s free weekly newsletter. Traders continue to price the expectation of tariffs in the United States. Meanwhile, Comex copper prices closed February 10 at their highest level since October, reaching $10,163/mt.
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Jan 20, 2025 | 
agmetalminer.com | Nichole Bastin
| Posted on |
The Copper Monthly Metals Index (MMI) trended sideways overall, with a modest 0.65% decline from December to January. Meanwhile, the price of copper continues to react to new U.S. leadership and potential changes in trade policy. Ahead of President Trump’s inauguration, Comex copper prices started to break out of their sideways range. By mid-January, copper prices hit their highest level since early November.
