Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including whether oil prices can hit $100 per barrel this year, a potentially rapid recovery for aerospace aluminum demand and much more: We’re offering timely emails with exclusive analyst commentary […]
Year: 2021
This Morning in Metals: Novelis announces $375M expansion of automotive sheet operations in China
This morning in metals news: Novelis announced it will invest $375 million to expand its automotive sheet production and recycling operations in China; Glencore released its Q3 production report; and, lastly, U.S. steel imports jumped by 16% month over month in September. Are you under pressure to generate aluminum cost savings? Make sure you are […]
This Morning in Metals: Real GDP gains 2.0% in Q3, per BEA estimate
This morning in metals news: real GDP increased by 2.0% in Q3 2021, according to an estimate from the Bureau of Economic Analysis; Ford Motor Co. released its Q3 results; and, lastly, several base metals prices have continued to retrace after surging earlier this month. Want MetalMiner directly in your inbox? Sign up for weekly […]
Global crude steel production falls for fourth consecutive month
Global crude steel production declined in September, marking the fourth straight month of month-over-month declines. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. Global crude steel production falls to 144.4 MT September global crude […]
How Artificial Intelligence and Technical Analysis Provide Metal Buyers with Superior Actionable Insights
Fundamental analysis – the study of supply and demand has long dominated the old guard metal analyst firms. The problem with fundamental analysis is that it’s rarely right and therefore does not provide buying organizations with the information needed to prevent margin erosion, manage price volatility or develop sound contracting strategies. Much of the “crystal ball” lies in the hands of the buying organization.
Understanding the trends, and not the specific price points, by using a combination of technical analysis (analysis that uses patterns in market data to identify trends and make predictions) and artificial intelligence provides buying organizations with the tools and insights needed to make the right buying decisions consistently.
Oil prices on the rise amid signs of distress heading into winter
Goldman Sachs seems to think oil prices could hit $100 per barrel by the end of the year. So do many consumers, fearing further inflationary pressure on costs that have risen across the commodities landscape this year. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Oil inventories […]
This Morning in Metals: US trade deficit jumps 9.2% in September
This morning in metals news: the U.S. trade deficit in September jumped 9.2% from the previous month; meanwhile, Rio Tinto is partnering with Carbfix on carbon capture and storage technology; and, lastly, Norsk Hydro is investing in a new automotive extrusion press in China. Each month, MetalMiner hosts a webinar on a specific metals topic. […]
Nippon Steel files lawsuits against Toyota, Baosteel alleging patent infringement
Nippon Steel Corp. this month filed lawsuits against Toyota Motor Corp. and Baoshan Iron and Steel, alleging “infringement of Nippon Steel’s patent relating to non-oriented electrical steel sheets.” The lawsuit is a rare clash between the former two companies, as Nippon is a major supplier to Toyota. Nippon is already grappling with rising raw material […]
US steel capacity utilization dips to 84.7%
The U.S. steel capacity utilization rate dipped to 84.7% last week, the American Iron and Steel Institute (AISI) reported Monday. The rate declined from 85.3% the previous week. Do you know the five best practices of sourcing metals, including steel? U.S. steel output dips Production last week totaled 1.87 million net tons, AISI reported. The […]
This Morning in Metals: Sibanye-Stillwater to acquire Brazil copper, nickel mines
This morning in metals news: Sibanye-Stillwater will acquire copper and nickel mines in Brazil for $1 billion; meanwhile, General Motors announced plans to expand access to electric vehicle charging stations; and, lastly, sales of single-family homes increased in September. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. […]