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 […]
Year: 2021
This Morning in Metals: Copper prices move sideways; construction employment rises; Northvolt assembles first lithium-ion battery cell at Swedish gigafactory
This morning in metals news: copper prices have moved sideways to close 2021; meanwhile, the U.S. construction sector added jobs in November; and, finally, Northvolt said it had produced the first lithium-ion battery cell at its gigafactory in Sweden. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, […]
This Morning in Metals: Nickel prices consolidate; NAS reduces fuel surcharge; US LNG exports surged in H1 2021
This morning in metals news: nickel prices have consolidated in December; North American Stainless announced a reduction in its fuel surcharge; and, lastly, the Energy Information Administration reported U.S. liquefied natural gas exports reached a record high in the first half of 2021. Are you under pressure to generate stainless steel cost savings? Make sure […]
This Morning in Metals: Aluminum prices rally; Rio Tinto to acquire lithium project; Biden signs proclamation adjusting steel imports
This morning in metals news: aluminum prices have rallied to close the year; Rio Tinto is acquiring a lithium mining project; and, lastly, the American Iron and Steel Institute commented on the president’s proclamation this week adjusting steel imports. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters […]
This Morning in Metals: Steel prices cool to close 2021
This morning in metals news: steel prices continue to cool heading toward the year’s end, MetalMiner Insights data indicate; meanwhile, global crude steel production continued to decline in November; and, finally, the U.S. exported more petroleum and crude oil products than it imported in the first half of 2021. Cut-to-length adders. Width and gauge adders. […]
2021 in Review: Copper, copper price stories of the year on MetalMiner
Continuing our review of 2021 — we previously recapped the most-viewed carbon steel, aluminum and stainless steel articles of the year — today we’ll take a look at the copper and copper price stories of the year. Request a 30-minute demo of the MetalMiner Insights platform now. Most-viewed copper stories of the year on MetalMiner […]
ArcelorMittal Nippon Steel to build 23 million ton per year steel facility
One of the world’s largest steelmakers, ArcelorMittal Nippon Steel, will invest ₹1 trillion (approx. U.S. $13 billion) to put up a 24 million ton per annum (MTPA) integrated greenfield steel facility in India’s eastern province of Odisha, India Today reported. The project will generate 16,000 direct employment opportunities and other related indirect employment jobs through […]
2021 in Review: Stainless steel stories of the year on MetalMiner
Continuing our review of 2021 — we previously recapped the most-viewed carbon steel and aluminum articles of the year — today we’ll take a look at stainless steel. As MetalMiner analyst Nichole Bastin noted earlier this month, nickel prices surged to a seven-year high in November. More than two-thirds of global nickel production goes toward […]
2021 in Review: Aluminum, aluminum price stories of the year on MetalMiner
As we continue our review of MetalMiner coverage in 2021, today we’ll take a look back at the top aluminum and aluminum price stories of the year. Previously, we reviewed the top carbon steel stories of the year. Like other metals, aluminum prices enjoyed a bullish run over the past year. The LME three-month price […]
Europe faces severe energy risks heading into coldest part of winter
It seems perverse to say that COVID could come to the rescue of the European energy market. But the reality is the market is in a precarious state. Restrictions hindering businesses and industries’ power consumption could alleviate the energy crunch by reducing power use. At the height of the 2020 lockdowns, power demand fell by […]
