Renewables MMI: China’s New Decarbonization Initiatives, What it Means for Steel and Aluminum Buyers
By: Jennifer Kary
The Renewables MMI ( Monthly Metals Index ) finally witnessed a significant increase in price action for the first time in a year. In total, the index ascended by 9.97%, drawing fresh attention to renewable resources. The main culprit for the increase in price action was a significant rise in neodymium prices, likely in response to China’s rare earths export restrictions, which go into effect on October 1st.