Here's Your Monthly Metals Index Report for December 2019

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Below is your MetalMiner Monthly Metals Index report. Some highlights (and low lights) include:

Hello Ian, Below is your MetalMiner Monthly Metals Index for December 2019. Some highlights (and low lights) include: It was another mixed month for the Monthly Metals Indexes (MMIs). Like last month, only three MMIs showed upward movement this month (Aluminum, Construction and Raw Steels) U.S. steel prices have been on the rise in recent weeks, pushing back from what appeared to be a bottoming out over the course of a month from mid-October. U.S. HRC, HDG and CRC prices have all posted significant gains; however, as is often the case, plate prices bucked the trend Meanwhile, although the Aluminum MMI gained one point this month, it still remained near its three-year low. As MetalMiner's Belinda Fuller explained, aluminum prices trended sideways in November, impacted by slowing growth rates and demand uncertainty heading into 2020 The Copper MMI trended flat this month, but Fuller noted China's demand could rebound in 2020 based on positive PMI readings in November. Miner Rio Tinto also announced a $1.5 billion investment to extend the life of its Kennecott copper site in the U.S. through 2032 In the construction sector, U.S. construction spending in October jumped 1.1% on a year-over-year basis. In addition, the Architecture Billings Index posted a reading of 52.0 for October (up from 49.7 in September), marking a return to billings growth after a year mostly spent in flat to downward territory November proved to be a solid month for U.S. auto sales, with Honda and Toyota posting healthy sales increases. Ford unveiled its new all-electric Mustang Mach-E SUV, while Tesla showed off its Cybertruck, as competition in the electric vehicle sector continues to build In trade news, the WTO's Appellate Body is paralyzed, as it is unable to fill recently vacated positions due to the U.S.'s blocking of new appointments. The White House also reached an agreement with House Democrats on a revised United States-Mexico-Canada Agreement; however, it remains unclear whether or not a vote on the trade deal will take place before the end of the year Click the image directly below to get the full MMI report!

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