Copper MMI: Copper price stabilizes in March

The Copper Monthly Metals Index (MMI) fell by 2.8% for this month’s reading. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled…

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The Copper Monthly Metals Index (MMI) fell by 2.8% for this month’s reading. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled...

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Copper mine production finishes 2020 unchanged year over year

Despite significant drops in output earlier in 2020 at the outset of the COVID-19 pandemic, global copper mine production last year came in unchanged compared with the previous year. According to the International Copper Study Group, the global copper …

Despite significant drops in output earlier in 2020 at the outset of the COVID-19 pandemic, global copper mine production last year came in unchanged compared with the previous year. According to the International Copper Study Group, the global copper market posted an apparent deficit of 560,000 tons in 2020. The MetalMiner Best Practice Library offers...

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Copper MMI: Traders take profits after copper price surges to 10-year high

The Copper Monthly Metals Index (MMI) picked up by 12.6% for this month’s reading, as the copper price surged to a 10-year high last month. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper price rise The copper price…

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The Copper Monthly Metals Index (MMI) picked up by 12.6% for this month’s reading, as the copper price surged to a 10-year high last month. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper price rise The copper price...

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This Morning in Metals: DOC finds dumping, subsidization of common alloy aluminum sheet

This morning in metals news: the Department of Commerce said imports of common alloy aluminum sheet from 18 countries are being dumped and benefiting from subsidies; Federal Reserve Governor Lael Brainard this week commented on the US’s economic outlook; and the copper price has retraced somewhat over the last week. DOC makes common alloy aluminum…

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This morning in metals news: the Department of Commerce said imports of common alloy aluminum sheet from 18 countries are being dumped and benefiting from subsidies; Federal Reserve Governor Lael Brainard this week commented on the US’s economic outlook; and the copper price has retraced somewhat over the last week. DOC makes common alloy aluminum...

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Copper price continues to rise as supply tightens

The copper price has resumed its rise this month after taking a brief pause in January. Meanwhile, on the supply side, tightening began last year and could exacerbate in the year ahead. Strong demand from China, lack of new mine investment and enthusiasm about copper’s role in the renewables revolution are all contributing to the…

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The copper price has resumed its rise this month after taking a brief pause in January. Meanwhile, on the supply side, tightening began last year and could exacerbate in the year ahead. Strong demand from China, lack of new mine investment and enthusiasm about copper’s role in the renewables revolution are all contributing to the...

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This Morning in Metals: Copper price rally continues

This morning in metals news: the copper price rally is going strong; meanwhile, Rio Tinto released its 2020 Annual Report; and, finally, Norilsk Nickel reported a fatal accident at one of its facilities. Copper price rally After a January lull, the cop…

This morning in metals news: the copper price rally is going strong; meanwhile, Rio Tinto released its 2020 Annual Report; and, finally, Norilsk Nickel reported a fatal accident at one of its facilities. Copper price rally After a January lull, the copper price rally has resumed in February. The LME three-month copper price closed Friday...

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Copper price rises as the metal’s bull story continues

Copper seems to be a one-way bet the last six months. The copper price has risen from a low of $4,371 per metric ton in March last year to $8,631 per metric ton Friday on the LME. According to Reuters, Goldman Sachs and Citi are doubling down on their bull calls for the copper market….

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Copper seems to be a one-way bet the last six months. The copper price has risen from a low of $4,371 per metric ton in March last year to $8,631 per metric ton Friday on the LME. According to Reuters, Goldman Sachs and Citi are doubling down on their bull calls for the copper market....

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This Morning in Metals: Copper price surges after January cooldown

This morning in metals news: the copper price is on its way back up again; meanwhile, Rio Tinto reached a new power agreement for its ISAL aluminum smelter; and, lastly, oil prices continue to rise. Copper price surges After a sleepy January, copper pr…

This morning in metals news: the copper price is on its way back up again; meanwhile, Rio Tinto reached a new power agreement for its ISAL aluminum smelter; and, lastly, oil prices continue to rise. Copper price surges After a sleepy January, copper prices are back on the ascent. The LME three-month copper price closed...

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This Morning in Metals: December steel shipments jump 4.4%

This morning in metals news: December steel shipments rose by 4.4%; meanwhile, miner BHP announced plans to work with Japanese steelmaker JFE to study how to reduce greenhouse gas emissions from the steelmaking process; and, lastly, the copper price ha…

This morning in metals news: December steel shipments rose by 4.4%; meanwhile, miner BHP announced plans to work with Japanese steelmaker JFE to study how to reduce greenhouse gas emissions from the steelmaking process; and, lastly, the copper price has bounced back after a January lull. Steel shipments rise in December US steel shipments rose...

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Copper MMI: Copper demand likely to remain strong well into 2021

The Copper Monthly Metals Index (MMI) increased for the fourth consecutive month, rising by 1.1%, as copper demand is likely to remain strong this year. Copper prices traded sideways throughout January, which proved to be a slow month for the red metal…

The Copper Monthly Metals Index (MMI) increased for the fourth consecutive month, rising by 1.1%, as copper demand is likely to remain strong this year. Copper prices traded sideways throughout January, which proved to be a slow month for the red metal. Most of its momentum over the past year came from China, which has...

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