by Stuart Burns on February 6, 2012
Style: Market Analysis
Category: Commodities, Global Trade, Non-ferrous Metals
Keywords: China, Commodities, EU, Gold, metals, Silver, Steel, Zinc
A report in the FT notes the Chinese manufacturing sector has made a surprisingly strong start to the year, as the purchasing managers index (PMI), an important gauge of factory growth, rose to 50.5 in January from 50.3 a month earlier. The result helped underpin recent strength in metals prices, Standard Bank wrote in a [...]
Have you ever felt bad about that fixed-price metals contract you placed, only to find a month later the price had dropped? Or had trouble explaining to the VP of purchasing why you didn’t place a resting order last month when this month the metals price jumped 10 percent? Don’t worry, predicting metals prices is [...]
TC Malhotra contributes to MetalMiner from New Delhi. In an attempt to reduce India’s dependence on imported copper concentrate, Hindustan Copper Limited (HCL) got the government’s nod to develop a 5 million metric ton per year underground copper mine at Malanjkhand Copper Project in the central Indian state of Madhya Pradesh. According to a report [...]
Source: Op-Docs series in the New York Times. Click on the image above to watch the film. MetalMiner is no stranger to covering scrap metal theft, so it’s fitting that we give at least a few virtual inches to perhaps the largest urban scrapyard in the nation — Detroit — where stealing scrap is not [...]
Anni Albers was a student at the The Bauhaus in Dessau, Germany. In 1933 she taught, by invitation, at Black Mountain College in North Carolina until 1949. Albers focused on weaving design and production in the 1950s, and became known for her textile patterns, which she transformed into colorful tapestries. Anni Albers’ “Intersecting”, 1962, cotton [...]
The European debt crisis has rather overshadowed the usual preoccupation of metals analysts, commentators and investors – China – of late, so a couple of broadly related articles in Thomson Reuters makes interesting reading. It is clear metal prices will not escape the effects of the Euro debt crisis, which seems to lurch between relief [...]
It should be quite apparent by now that half of MetalMiner’s co-founding team has decades of metals experience, but it’s always nice to see it validated in the mainstream metals press — in this case, commenting on the aluminum, zinc and nickel markets. Reuters sought out and quoted our own Stuart Burns, whose analysis and [...]
Taking a first pass over the World Bureau of Metal Statistics’ monthly bulletin report on 2011 production, consumption and inventory up to the end of November, one could be excused for thinking the tin market was operating in a comfortable surplus and the sell-off seen in 2011 is a reflection of a market in oversupply. [...]