Tag: Vale

This Morning in Metals: Shanghai Rebar Hits 7 1/2-Year High

This morning in metals news, the price of SHFE rebar continued its rise Tuesday, the Aluminum Association released its first new material registration record in almost two decades and Brazilian steelmakers are struggling with an iron ore shortage. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Rebar Rises The […]

Could Spot Iron Ore be on Track for $100/Ton?

Could Spot Iron Ore be on Track for $100/Ton?

According to Reuters, spot 62% grade iron ore for delivery to China recently rose 1.6% to $93 per metric ton and the most-traded May 2019 iron ore contract on the Dalian Commodity Exchange soared as much as 4.1% to 710.5 yuan ($106) per ton — the highest for the Asian benchmark since 2013. Need buying […]

This Morning in Metals: Chinese Steel Prices Move Upward

This morning in metals news, Chinese steel prices are up ahead of the peak construction season, mining companies around the world are looking to change the way they operate in the wake of Vale SA’s fatal dam collapse and solar sector companies are sourcing prefab in order to find a way around the Trump administration’s […]

Supply Worries Drive Iron Ore Prices to New Heights

Supply Worries Drive Iron Ore Prices to New Heights

Two major dam disasters in three years are enough to put the frighteners on investors and get the media abuzz with talk of supply-side shortages. Yet as small as Vale’s production loss is, the fact remains the market is relatively tight, and supply is becoming an issue again after many years of plenty. Need buying […]

This Morning in Metals: ‘Much Work Remains’ in U.S.-China Trade Talks

This morning in metals news, the White House released a statement about the recent round of trade talks with China, Zambia plans to enforce a copper import tax and Australian miner Fortescue says the impact of a dam breach at one of Vale’s Brazilian iron ore mines remains unclear. Need buying strategies for steel? Request […]

This Morning in Metals: Trump Signs ‘Buy American, Hire American’ Executive Order

This morning in metals news, President Donald Trump signed an executive order Thursday pushing for increased use of domestic materials and labor, miner Glencore released its full-year production results for 2018, and the latest on the deadly dam breach at Vale’s Corrego do Feijao mine. Need buying strategies for steel? Request your two-month free trial […]

Dam Breach Kills Dozens at Vale’s Córrego do Feijão Mine

Tragedy struck Friday at miner Vale S.A.’s Córrego do Feijão mine in Brumadinho (in the southeastern Brazilian state of Minas Gerais). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to Reuters, a dam breach at the mine led to the deaths of at least 60 people, with rescue missions in […]

This Morning in Metals: U.S. Treasury Department Lifts Sanctions on Rusal

This morning in metals news, the U.S. Treasury Department lifted sanctions against Russian aluminum giant Rusal, one executive makes the case for copper and a dam collapse at one of Brazilian miner Vale’s mines has led to at least 60 deaths. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sanctions […]

This Morning in Metals: Rusal Reports 3Q Earnings Up 42%

This morning in metals news, Russian aluminum giant Rusal had a big third quarter, Vale announced an iron ore supply deal with Emirates Steel and British Steel is potentially looking to make an acquisition in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Rusal 3Q Earnings Up 42% Russian […]

This Morning in Metals: U.S. Steel Sector Gets a Downgrade from Credit Suisse

This morning in metals news, Credit Suisse has downgraded the outlook for the U.S. steel sector, a Turkish steel company CEO is optimistic the U.S. will roll back the recently doubled Section 232 metals tariffs and Brazilian miner Vale posted record Q3 iron ore output. Need buying strategies for steel? Request your two-month free trial […]

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