After falling 1.1 percent, US steel plate was the week’s biggest mover on the Renewables MMI®. The US grain-oriented electrical steel (GOES) price remained essentially flat from the previous week. Closing just above $950 per metric ton, Korean steel plate remained unchanged for the week. Japanese steel plate prices held steady from the previous week [...]
by MetalMiner IndX Reports on May 9, 2012
Style: Industry News
Category: Ferrous Metals, Green, Metal Prices, MetalMiner IndX, Non-ferrous Metals
Keywords: cobalt cathodes prices, neodymium price, renewable energy, silicon price, Steel, steel prices
After falling 0.7 percent, silicon turned out to be the week’s biggest mover on the Renewables MMI®. Hovering above $39,700 per metric ton, the week finished with no movement for Chinese cobalt cathodes. Following a steady week, prices for neodymium closed flat, holding between $113,500 and $114,000 per metric ton. At above $750 per metric [...]
Silicon dropped 8.1 percent, making it the biggest mover on the Renewables MMI® this week. Chinese cobalt cathodes saw a two percent decline over the past week, and Chinese steel plate fell 0.8 percent over the past week as well. Neodymium traded sideways last week. Japanese steel plate remained essentially flat from the previous week at [...]
US steel plate dropped 0.5 percent on the Renewables MMI®, making it the week’s biggest mover on the index. US grain-oriented electrical steel (GOES), also part of the Renewables MMI®, updates monthly during the last calendar week of the month on the MetalMiner IndX℠. Closing above $960 per metric ton, Korean steel plate remained unchanged [...]
Continued from Part Two. For the US to become self-sufficient in energy would have significant benefits on a number of levels. The balance of payment would be significantly improved as the US gradually spent less money buying oil from Canada, Nigeria, Venezuela, Mexico and Saudi Arabia – its current top five suppliers. It may not [...]
Continued from Part One. The NY Times agrees, quoting Rex W. Tillerson, the chairman and chief executive of Exxon Mobil at a recent conference where he said, “The transformation unfolding in North America represents a potentially decisive shift in the history of energy.” The article explores the potential for North America to be self sufficient in hydrocarbons [...]
It’s not entirely a serious proposition — yet. But the point is the global market for hydrocarbons is undergoing a fundamental change, and whether you are a major energy consumer or not, the impact will be felt throughout the manufacturing landscape. In the short term, it is difficult to see how prices can go any [...]
Japan is facing an electricity crunch this summer, potentially so severe, that companies such as Komatsu, the world’s No. 2 maker of construction machinery, have said they will move factories overseas if electricity supply isn’t guaranteed. Bloomberg reports that all but one of Japan’s 54 reactors are now offline after the March 11 earthquake and [...]