In the first part of this series, we discussed monetary inflation, the history of gold as a store of value and how digital assets, like Bitcoin, may be the next big thing in the technology of money. The narrative of gold being the premier store-of-value asset has captivated like-minded investors for centuries. In this follow-up […]
Year: 2021
Miners hold out potential to become carbon neutral
With COP-26 running this week in Glasgow, the environment has been one of the main topics in the news. Rightly so, many of you will say. We are doing a pretty fine job of trashing the planet, so it’s about time we collectively did what we can to reverse the damage. Unfortunately, the metals industry […]
This Morning in Metals: U.S. Steel reports Q3 net earnings of $1.5B
This morning in metals news: U.S. Steel reported its third-quarter earnings; new orders for manufactured goods increased in September; and, lastly, unemployment rates in September fell in 386 of 389 metropolitan areas. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. U.S. Steel reports Q3 earnings U.S. Steel reported […]
Tata Steel Europe starts up new equipment at UK, Netherlands sites
Tata Steel Europe is hot starting a new power plant at its Port Talbot plant, in Wales, which will cut CO2 emissions by almost 44,000 metric tons per year, the company said. Are you under pressure to generate steel cost savings? Make sure you are following these five best practices. Tata Steel generator carries £37M […]
During COP26, Xi calls for ‘stronger actions’; India targets carbon neutrality by 2070
Two countries, two neighbors, two of the most populated countries in the world — China and India talked of their individual approaches to climate change at the COP26 summit in Glasgow, Scotland. The event was delayed by a year because of the COVID-19 pandemic. It comes six years after the landmark Paris accord, which 200 […]
This Morning in Metals: US steel capacity utilization dips to 84.3%
This morning in metals news: U.S. steel capacity utilization dipped to 84.3% last week; the OECD reported global foreign direct investment (FDI) flows rebounded during the first half of 2021; and, lastly, the United States International Trade Commission conducted a five-year sunset review of duties on alloy magnesium from China. Get social with us. Follow […]
Aluminum prices collapse 20% in just two weeks — so what’s next?
While not alone in seeing ongoing price falls, across the metals sector prices have been in decline for two weeks now. The higher power content of primary aluminum has driven a plunge in prices that have caught many by surprise and still has the potential to go further. We’re offering timely emails with exclusive analyst […]
US, EU deal on Section 232 tariffs calls for sustainability cooperation
As we predicted last month, the U.S. and E.U. have used the recent G20 summit in Rome to announce an end to hostilities over the steel and aluminum Section 232 tariffs imposed by the previous Trump administration and perpetuated by President Joe Biden. “We have agreed with the US to pause our steel and aluminium […]
This Morning in Metals: US, EU reach deal on Section 232 steel, aluminum tariffs
This morning in metals news: the U.S. and E.U. have struck a deal that will see to the former resuming imports of duty-free steel and aluminum from the E.U.; battery storage applications have shifted, the Energy Information Administration explained; and, lastly, compensation costs increased during Q3 2021. Want an occasional email from MetalMiner that highlights […]
Steel producers fear magnesium shortages will hit production in Europe
We wrote recently on the impact rising silicon, magnesium and manganese prices out of China were having on the aluminum industry. Many European mills had issued advisories, essentially putting their customers on notice about possible delivery delays and softening them up for the possibility of cost increases. Well, now it is steel’s turn to sound […]