Via AG Metal Miner The November Automotive MMI (Monthly MetalMiner Index) continued its long-term downward trend, falling by 5.04%. The drop is surprising to some extent, considering the demand for cars remains high in the U.S. and backlogs are keeping sales lucrative. However, obtaining raw materials for part manufacturing remains a problem. For instance, steel prices are still on shaky ground. Considering around 50% of most vehicles feature steel parts, most vehicle manufacturers feel they’re in a volatile situation. Meanwhile, copper…
