January 27, 2026
Bottom Line: Yesterday, before the open, Steel Dynamics (STLD; NC) reported results that missed on the top line and generated just $84mn of Q4 free cash flow – far short of the ~$210mn the market…
January 22, 2026
LME Metal Prices Mostly Higher vs. Previous Close. Copper +0.17% to $5.79/lb; aluminum +0.32% to $1.56/lb; nickel +0.31% to $9.49/lb; zinc +0.61% to $1.58/lb; lead +0.11% to $1.11/lb; gold -0.20% to $4,822/oz; silver +0.58% to $93.59/oz;…
January 15, 2026
LME Metal Prices Surged Higher Yesterday. Copper -0.13% to $6.00/lb; aluminum +1.22% to $1.61/lb; nickel +0.59% to $9.56/lb; zinc +0.67% to $1.59/lb; lead +0.33% to $1.13/lb; gold +0.87% to $4,626/oz; silver +6.70% to $92.78/oz; platinum +2.57%…
January 8, 2026
LME Metal Prices Mostly Higher Yesterday. Copper -2.55% to $5.86/lb; aluminum +1.20% to $1.58/lb; nickel +4.76% to $9.85/lb; zinc +0.06% to $1.57/lb; lead +0.55% to $1.14/lb; gold -0.79% to $4,459/oz; silver -3.34% to $78.55/oz; platinum -5.67%…
December 19, 2025
LME Metal Prices Mostly Higher Yesterday. Copper +1.28% to $5.33/lb; aluminum +0.40% to $1.41/lb; nickel +1.24% to $7.53/lb; zinc +0.53% to $1.48/lb; lead +0.27% to $1.08/lb; gold -0.21% to $4,329/oz; silver -1.39% to $65.34/oz; platinum +1.28%…
December 11, 2025
LME Metal Prices Mostly Higher vs. Yesterday’s Close. Copper +0.74% to $5.29/lb; aluminum +0.47% to $1.41/lb; nickel -0.02% to $7.66/lb; zinc +0.10% to $1.48/lb; lead +0.82% to $1.10/lb; gold -0.40% to $4,212/oz; silver +0.71% to $62.25/oz;…
December 4, 2025
LME Metal Prices Mostly Lower vs. Yesterday’s Close. Copper -1.15% to $5.19/lb; aluminum +0.72% to $1.41/lb; nickel +0.02% to $7.75/lb; zinc +0.42% to $1.46/lb; lead +0.07% to $1.10/lb; gold -0.11% to $4,198/oz; silver -1.66% to $57.53/oz;…
November 26, 2025
Bottom Line Current Situation. Over the last two weeks, spot HRC has done exactly what the setup suggested – it’s drifted higher, up roughly 5%, with today’s +5.4% d/d surge to $900/st marking the strongest…
November 21, 2025
LME Metal Prices Mixed vs. Yesterday’s Close. Copper -0.06% to $4.87/lb; aluminum +0.15% to $1.37/lb; nickel +0.37% to $7.54/lb; zinc +0.01% to $1.43/lb; lead +0.13% to $1.10/lb; gold -0.02% to $4,077/oz; silver -1.35% to $50.66/oz; platinum…
November 13, 2025
LME Metal Prices Mostly Higher vs. Yesterday’s Close. Copper +0.22% to $4.91/lb; aluminum +0.44% to $1.38/lb; nickel -0.57% to $7.71/lb; zinc -0.18% to $1.44/lb; lead +0.48% to $1.12/lb; gold +1.66% to $4,195/oz; silver +3.96% to $53.25/oz;…
November 6, 2025
LME Metal Prices Mostly Higher vs. Yesterday’s Close. Copper +0.24% to $4.84/lb; aluminum +0.89% to $1.37/lb; nickel flat at $7.68/lb; zinc +0.14% to $1.44/lb; lead -0.49% to $1.11/lb; gold +0.22% to $3,988/oz; silver +0.56% to…
September 24, 2025
LME metal prices mostly lower vs. previous close. Copper flat at $4.50/lb; Nickel +0.19% to $7.73/lb; Aluminum -0.19% to $1.32/lb; Zinc -0.35% to $1.39/lb; Lead -0.46% to $1.08/lb; Gold -0.07% to $3,762/oz; silver -0.33% to $44/oz;…
September 15, 2025
Our Inaugural Metals & Mining Daily Snapshot. Welcome to the first edition of our Metals & Mining Daily Snapshot. Starting tomorrow, you’ll have this in your inbox at 7am every morning – think of it…
September 4, 2025
What’s Inside? Twenty-three exhibits capturing the core industry trends that will likely dictate North American steel pricing in the months ahead. Conclusion. Spot HRC prices have held mostly steady over the past two weeks, but…
December 28, 2023
Did Janet Yellen Intentionally Squeeze the Long-Duration Bond Shorts with her 10/31/23 Quarterly Refunding Announcement (“QRA”), and is it About to Make the Fed’s Job a Lot Harder? By way of background, we remind our…