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Is Copper Heading to $15,000?

Is Copper Heading to $15,000?

Copper prices reached $10,000 per…

Metals

India Is Becoming A New Powerhouse In Global Steel Production

Jun 20, 2023 at 08:39 | Metal Miner

Via AG Metal Miner COVID-19, poor demand, and several other factors caused a drop in steel production worldwide the past few years. This included China, which is not…

China’s Stimulus Measures Prop Up Copper Prices

Jun 20, 2023 at 08:38 | Metal Miner

Via AG Metal Miner The Copper Monthly Metals Index (MMI) fell 4.29% from May to June as the average 

Aluminum Prices Flatline As LME Grapples With Russian Inventory

Jun 15, 2023 at 07:49 | Metal Miner

Via AG Metal Miner Aluminum prices continue to lack enough strength to form either bearish or bullish trends. Since aluminum…

Infrastructure Projects Provide Support Amid Falling Steel Prices

Jun 14, 2023 at 08:21 | Metal Miner

Via AG Metal MIner The Construction MMI (Monthly Metals Index) stayed within a tight range, but dropped more than in the previous three months. Overall, the index…

Looming Copper Shortage Could Be A Wake-up Call For Big Tech

Jun 13, 2023 at 09:01 | Kurt Cobb

I'm certainly not the only person who noticed before now that sustaining our increasing consumption of copper would be difficult as I suggested in my July 2022 piece entitled 

EU Steel Consumption Predicted To Surge In 2024

Jun 13, 2023 at 08:50 | Metal Miner

Via AG Metal Miner A recent European Steel Association (Eurofer) report said that apparent steel consumption within the…

Dam Rupture Complicates Steel Production In Ukraine

Jun 12, 2023 at 08:54 | Metal Miner

Via AG Metal Miner Ukrainian steelmaker and longs producer ArcelorMittal Kriviy Rih (AMKR) recently stopped steelmaking and rolling operations. A spokesman for the company told MetalMiner…

China’s Gold Buying Spree Continues For Seventh Consecutive Month

Jun 09, 2023 at 08:12 | ZeroHedge

In an unabated buying spree, China has continued to expand its gold reserves for a seventh consecutive month, reinforcing the sustained global demand for the precious metal among central banks.…

High Vehicle Costs Dampen Steel Market Momentum

Jun 09, 2023 at 07:42 | Metal Miner

Via AG Metal Miner The Automotive MMI (Monthly Metals Index) broke its sideways trend this past month, inching down 3.36%. Though all components of…

DRC Eyes Peru’s Position As Second-Largest Copper Producer

Jun 07, 2023 at 08:51 | Metal Miner

Via AG Metal Miner There’s a new kid on the block in copper production. Media reports say the Democratic Republic of Congo (DRC)…

The Commodity Price Bubble Has Finally Burst

Jun 01, 2023 at 14:17 | Alex Kimani

The epic commodity bull run that took off three years ago and saw commodity prices hit multi-decade highs has finally collapsed. From oil, gas and wheat to lithium,…

Copper Prices Trounced By Falling Demand

Jun 01, 2023 at 10:26 | Metal Miner

By Stuart Burns via AGMetalminer.com At least that’s what the Financial Times reported Goldman Sachs saying this week with regard to the price of copper. The bank…

Five Niche Commodities Reflecting China's Faltering Economic Rebound

Jun 01, 2023 at 08:54 | ZeroHedge

China's economic recovery from draconian zero-Covid controls is faltering. Investors had very high hopes earlier this year that the world's second-largest economy would roar back to life and help offset…

Poland Steps Up Gold Buying

May 24, 2023 at 10:31 | ZeroHedge

Poland is buying gold again. The National Bank of Poland added nearly 15 tons of gold to its reserves in April, according to data published by…

Declining Iron Ore Prices Show China’s Recovery is Still Dragging

May 23, 2023 at 08:54 | Metal Miner

The iron ore slump shows that the Chinese economy continues to struggle. Moreover, if things on the steel front do not improve quickly, demand

China Dominates Global Steel Industry

May 22, 2023 at 11:00 | ZeroHedge

Steel is a critical component of modern industry and economy, essential for the construction of buildings, automobiles, and many other appliances and infrastructure used in our daily…

Stainless Steel Remains Buyers Market As Demand Growth Flatlines

May 18, 2023 at 12:13 | Metal Miner

By Nichole Bastin via AGMetalminer.com The Stainless Monthly Metals Index (MMI) rose a modest 0.67% from April to…

Tata Steel’s UK Plant Is Struggling To Cope With Rising Costs

May 17, 2023 at 11:01 | Metal Miner

By Chistopher Rivituso via AGMetalminer.com Difficult trading conditions and a lack of clarity over state aid have put the future of Tata Steel’s UK plant into doubt.…

Copper Prices Slide Despite Expected Deficit

May 16, 2023 at 11:50 | Metal Miner

By Nichole Bastin via AGMetalminer.com Copper prices continued to slide this past month, although not enough to trigger a downward trend. As lower lows have yet to…

Global Platinum Shortage Set To Worsen

May 15, 2023 at 13:52 | ZeroHedge

The global shortage of platinum is set to worsen in the coming quarters, resulting in one of the most significant deficits in half a century, the World Platinum Investment Council (WPIC)…

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