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Saturday, February 24, 2024

Ag Metal Miner

Will The Bullish Momentum In Gold And Silver Markets Continue?

Via AG Metal Miner Precious metal prices (especially silver) began a brief rally on July 12 before retreating again. Whether or not the bulls are here to stay is a question up for debate. Many remain optimistic that gold prices will continue upward unt...

New EV Innovations Put A Dent In Copper Demand

Via AG Metal Miner   Two firms, Goldman Sachs & Consultancy CRU Group, recently revised their forecasts for copper usage in electric vehicles (EVs). Indeed CRU Group now predicts that the average EV will use between 51-56 kilograms of copper from this ...

Biden’s Infrastructure Boom Is Being Held Back By High Construction Costs

Via AG Metal Miner   The latest construction news reports that while interest rates remain high, inflation is finally losing steam. This could go a long way toward helping U.S. construction projects. However, the Construction MMI (Monthly Metals Index)...

Russian Aluminum Accounts For 80% Of LME Stockpiles

Via AG Metal Miner Aluminum prices continued to slide throughout June but appeared to find a bottom in early July. Prices started to form relief patterns in the short term, rising following bearish price action over recent months. Meanwhile, cooling in...

America’s Manufacturing Slowdown Weighs On Steel Demand

Via AG Metal Miner The Raw Steels Monthly Metals Index (MMI) moved sideways, with a modest 0.32% decline from June to July. Flat rolled steel prices appeared decidedly bearish throughout June. HRC prices saw the largest month-over-month decline, droppi...

Pressure Builds On Chinese Steel Sector As Prices Plummet

Via AG Metal Miner   China’s major steelmakers recently warned of a “very challenging” H2 that could impact steel prices. As noted in news reports quoting the China Iron & Steel Association (CISA), this goes against earlier expectations of improvement ...

Shaky Steel Market Could Be A Speed Bump For Rising Auto Sales

Via AG Metal Miner The Automotive MMI (Monthly Metals Index) continued its decline in June, this time falling by 3.28%. The aluminum and copper components of the index traded sideways. However, all other parts of the index dropped. Lead prices managed ...

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