As our colleague Fouad Egbaria noted this week, rising power costs in Europe, almost wholly down to the cost of natural gas, resulted in reduced output at Europe’s largest aluminum smelter, Aluminium Dunkerque Industries France. Losses there ballooned to €20 million ($22 million) during November, as natural gas prices quadrupled this year. Most aluminum smelters […]
Tag: Natural Gas
This Morning in Metals: US import prices rise 0.7% in November
This morning in metals news: U.S. import prices gained in November; meanwhile, U.S. construction starts surged in November; and, lastly, the Energy Information Administration forecasts record monthly natural gas production in 2022. Better time your metal market purchases with the MetalMiner Insights platform. Request a demo. Import prices rise 0.7% According to the Bureau of […]
This Morning in Metals: Rio Tinto invests to increase low-carbon aluminum production
This morning in metals news: Rio Tinto said it is investing US$87 million to increase its low-carbon aluminum production in Canada; new natural gas pipeline capacity came on stream in Q3 2021; and, lastly, the U.S., E.U. and Japan released a joint statement affirming their trilateral trade partnership. Stay up to date on MetalMiner with […]
This Morning in Metals: Aurubis AG to invest €300M in U.S. metals recycling plant
This morning in metals news: German firm Aurubis AG announced plans to construct a new metals recycling plant in the U.S.; meanwhile, U.S. natural gas storage levels are down this month; and, lastly, U.S. job openings closed September at 10.4 million. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly updates – […]
This Morning in Metals: Consumer Price Index rises 0.9% in October
This morning in metals news: the Consumer Price Index for All Urban Consumers Rose by 0.9% in October; meanwhile, U.S. steel shipments rose by 21.3% year over year in September; and, lastly, the natural gas spot price at Henry Hub averaged $5.51 per million British thermal units (MMBtu) in October. MetalMiner has launched a full […]
This Morning in Metals: Chinese auto sales rise 14.9% month over month
This morning in metals news: Chinese auto sales picked up in September on a month-over-month basis; the Energy Information Administration forecast a significant jump in natural gas prices this winter; and, lastly, U.K. steel manufacturers are asking for government intervention in the ongoing energy crisis. Stay up to date on MetalMiner with weekly updates – […]
This Morning in Metals: Natural gas prices to remain elevated this winter
This morning in metals news: the Energy Information Administration forecasts natural gas prices will remain elevated this winter; meanwhile, Rio Tinto said it is working on new technology for the production of low-carbon steel; and, lastly, miner BHP and South Korean steelmaker POSCO signed a memorandum of understanding to explore the reduction of greenhouse gas […]
Europe follows China, India in battling rising energy costs
We have written twice over the last week concerning the energy crunch, first in China and then India. Thermal coal prices have risen to record levels, threatening to impact GDP growth as a result of electricity rationing. The Financial Times observes that China has suffered a triple whammy of emissions restrictions on power generation, a […]
This Morning in Metals: Mercedes-Benz, Stellantis take stakes in battery cell manufacturer
This morning in metals news: Mercedes-Benz, Stellantis and TotalEnergies will each take a 33% stake in Automotive Cells Company; meanwhile, the Semiconductor Industry Association offered its reaction to the Biden administration’s recent meeting on the semiconductor supply chain; and, lastly, the Energy Information Administration expects a rise in natural gas consumption in 2021 and 2022. […]
This Morning in Metals: Ford, Redwood to collaborate on closed-loop battery recycling, supply chain
This morning in metals news: Ford Motor Co. is collaborating with Redwood Materials on a closed-loop battery recycling and building out the domestic electric vehicle battery supply chain; Norway will expand natural gas exports to Europe; and, lastly, aluminum prices have slowed down after peaking Sept. 13. Many may be wondering how to set buying […]
