Page 6 - ஸ்டூவர்ட் தீக்காயங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Global crude steel production rises by 16 5% in May
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Global copper mine production rises by 3 7% in Q1
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Oil price rise; a renewables record; British trade after Brexit
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Renewables Monthly Metals Index (MMI) dipped by 0.8% for this month’s index reading.
The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies.
(Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.)
Cobalt price falls
Earlier this year, the LME cobalt price surged as high as nearly $53,000 per metric ton.
As Stuart Burns noted last month, battery demand helped drive up the cobalt price in the first quarter.
However, the second quarter has been a different ballgame.
The LME cobalt price closed Monday at $42,500 per metric ton, or down approximately 20%.