EV Revolution Stalls, Leaving Metal Markets in Limbo

Via Metal Miner The Automotive MMI (Monthly Metals Index) maintained a steady sideways trend month-over-month, only moving down 2.53%. Overall steel demand remains tepid, which left little bullish sentiment for hot-dipped galvanized steel. Meanwhile, other metals prices, including copper, dropped after their speculative rallies cooled off in July. Overall, the components of the automotive index had little to show in terms of bullish price action, leaving metals prices fairly level. The automotive market has only managed to add a little support…