The Monthly Metals Index - August 2020

Mining & Minerals - Evaluations / Other Metals

The MetalMiner reports that China's demand picture powers gains and 7 metals show increases in August. To help you understand month-to-month metal price trends across industries and within specific metal markets, MetalMiner issues the Monthly Metals Index (MMI) reports on 10 sub-indexes:

• Aluminum
• Copper
• Stainless
• Raw Steels
• Rare Earths
• Automotive
• Construction
• Renewables
• Grain-Oriented Electrical Steel
• Global Precious Metals

How MetalMiner Shapes the MMI Reports

Many indexes bear little resemblance to what you actually pay for the range of metals you buy. MetalMiner uses the following
guidelines to ensure index relevance:

1. Each index represents a basket of metals or raw materials (depending on the category, e.g. coking coal, scrap and iron ore for steel prices) that impact the cost structure for that particular metal market.
2. The inputs reflect the global market for that commodity, with the goal of more accurately representing underlying global price trends.
3. We’ve added three key industry verticals — Automotive, Construction and Renewables — that impact multiple metal markets, as metal prices often depend upon the underlying demand for various industries (e.g. steel prices relate to construction industry activity).

How You Can Use the Monthly MMI
Use this report as an economic indicator, much like the ISM Purchasing Managers’ Index (PMI) or the BLS Producer Price Index (PPI), for forecasting, predictive analytics and tracking which commodities have the greatest volatility.

Want to improve purchase timing and develop price risk mitigation strategies? Get access to MetalMiner’s monthly metals price
outlook (MMO) report including:

• HRC
• CRC
• Aluminum
• HDG
• Steel Plate
• Lead
• Tin
• Copper
• Zinc
• Nickel

It’s the most accurate forecast in the business, and here’s why: MetalMiner does NOT predict the future. Instead, MetalMiner analysts constantly monitor metals and influencing markets, interpret movement and issue buying recommendations throughout the year. After all, for purchasing organizations, trying to forecast the future is not as important as knowing when and how to react.

Benefit from the metal buying strategies MetalMiner identifies throughout the year — take a look at MetalMiner’s forecasting track record and the hard-dollar savings achieved by subscriber companies.

Questions? Contact Us!
Email: info@agmetalminer.com
Phone: 773.525.9750