Best of MetalMiner

In February, we told you about Assistant Editor Jeff Yoders’ nominations in two categories for the 2015 Jesse H. Neal Awards from American Business Media.

A Building Design + Construction team series that included Jeff’s BIM coverage – “5 tech trends transforming BIM/VDC” – won the Neal Award for Best Subject-Related Package last week.

After being notified of his win last Friday, Yoders checked out a giant “win second Neal Award” box on a large t0-do list in the MetalMiner conference room and announced his retirement.

Jeff wrote two parts of the five-part series including an examination of how the Department of Energy overhauled its EnergyPlus building simulation program and another about tech trends that are transforming building information modeling and virtual design and construction.

“Back when I started writing about BIM and VDC in 2005, I vowed that I would not rest until we revolutionized the way construction projects are procured and delivered,” Yoders said. “Well, at long last, that day is here. Well, bye!”

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This week, the 3-month LME nickel price fell to its lowest level since 2009. It’s certainly not the first industrial metal to hit a 6-year low this year.

Free Download: Cut Your Nickel Shipping Costs

There has been a lot of talk about Nickel’s supply side. Indonesian authorities have not changed their minds about refusing to export raw ore and the ensuing ban on exports of nickel ore to China continues. There is no flow of material between the two countries.

NPI Demand Drops

However, it’s important to remember that China’s nickel pig-iron producers had built up significant quantities of stocks prior to the January 2014 ban, compensating for the supply decrease. At 2 million metric tons, imports of Philippine ore this year are slightly higher than last year but are still nowhere near enough to offset the loss of Indonesian supply.

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This week we examined several metal/currency movements which were not what they’d outwardly appear to be.

Free Download: Cut Your Zinc Shipping Costs

Whether it’s the supposed zinc deficit, the seemingly sharp fall of the US dollar or the USA dropping to fourth in steel production, our reaction was largely “We know better than to panic about that.”

All the more reason for you to trust MetalMiner for all your metals’ sourcing needs. We won’t steer you wrong 😉

Honey, I Shrunk the Zinc Deficit

This week, my colleague Stuart Burns asked where that supposed zinc deficit is? As recently as January major bank HSBC was insisting that the zinc market was in deficit. Even The World Bureau of Metal Statistics said in their February report that the zinc market was in deficit by 262,000 metric tons during the January to December 2014 period, compared to a 95,000-mt surplus for 2013.

Yeah, not so much.

Burns deftly explains how the London Metal Exchange’s Commitments of Traders Report (COTR) shows that longs have moved to shorts, suggesting not just that investors switched when they saw the prices fall, but may well have created the fall by bailing out of long positions they had built up in the expectation of supply shortages that were not materializing.

Stick with us and you’ll know which deficits and surpluses are real and which ones are phantoms.

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Welcome to MetalCrawler, your daily fix for industrial metal news, price movement updates and complaints about the design of new buildings.

Free Download: Lock in International Trade Shipping Costs

Larry Summers said something about infrastructure spending and, in Pittsburgh, the planning commission does not like the design for U.S. Steel’s new tower.

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MetalCrawler crawls the web for the latest metal news so you don’t have to. We even get that hard to reach metal news from China.
Free Download: Learn How to Lock in Shipping Costs on Your International Trades

We’ve also got more on the Gold Apple Watch and Chile’s copper mining industry.

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The new year in metals has already been marked by steep dives in commodity prices, and major changes in the status quo, so why should week three be any different?

Don’t miss this free download of our Monthly MMI® Report, covering price trends in 10 metals markets.

But this week’s story wasn’t about falling commodity prices or the price of oil and how it’s dragging its commodity brethren down. It was, instead, the week of central banking reaction and currency coming back to the fore. Sit back for MetalMiner‘s money market manipulation maelstrom.

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Just one full week into the New Year, we at MetalMiner were confronted by several situations that have upset the commodity metals status quo. Up was down, left was right, black was… you get the picture.

FREE Download: The Monthly MMI® Report – price trends for 10 metal markets.

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Recently, Lynas Corporation founder and chairman Nicholas Curtis signaled that he’s fed up with the down-in-the-dumps, low-price rare earth metal market (our cheeky and unfounded speculation) by announcing his departure from the company after 14 years (according to the West Australian’s reporting).

FREE Download: The Monthly MMI® Report – covering the Rare Earths market.

As both Curtis and MetalMiner say goodbye to the REE market of 2014, we thought we’d take the opportunity to recap the year with a Best of Rare Earths selection.

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We’ve already seen shredded steel scrap prices jump sharply at the end of this year, so naturally we all want to know, what will happen to hot-rolled and cold-rolled coil prices in 2015?

FREE Download: The Monthly MMI® Report – covering Steel/Iron Ore markets.

Below is an excerpt from our recent report, “2015 Metal Buying Outlook: What Can We Expect for Base Metal and Steel Prices Over the Next 12 Months?

Our MetalMiner IndX tracks worlwide metal prices every day. The global precious metals – palladium, platinum, silver and gold – are followed mainly for their potential as investments, but their appeal as industrial metals came to the fore again this week.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

The film industry, banking transparency, renewable energy technology, cleaner emissions and even rural electrification all exist because of how hard the precious metals work. If you weren’t thanking gold, silver, platinum and palladium yesterday then you should apologize and ask for forgiveness right now!

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