It was only a matter of time, as a fourfold increase in power costs for some heavy consumers, on top of environmental carbon emissions levies, have finally proved too much for some European metals producers. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each […]
Year: 2021
Renewables/GOES MMI: Despite renewables growth, coal and oil bounced back in 2021, IEA warns
The Renewables Monthly Metals Index (MMI) ticked up slightly for this month’s value. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Renewables make progress, but coal, oil […]
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 […]
Global Precious MMI: Gold price falls as dollar gains in September
The Global Precious Monthly Metals Index (MMI) lost ground this month, dropping by 12.9% as the gold price declined and the dollar strengthened last month. More MetalMiner is available on LinkedIn. Gold slides, dollar gains The U.S. gold bullion price fell in September, dropping from $1,814 per ounce as of Sept. 1 to $1,757 on […]
Rising raw material prices push Indian steel prices up
Steel prices in India have nearly doubled over the last year, reflective of rising steel prices across the globe. But for India, several factors such as a steep rise in the prices of raw material like iron ore — and of late, coking coal — have contributed to the steep hike. Due to China’s decision […]
This Morning in Metals: Consumer Price Index rises 0.4% in September
This morning in metals news: The Consumer Price Index (CPI) rose by 0.4% in September; meanwhile, U.S. steel capacity utilization fell to 84.2%; and, lastly, the Energy Information Administration forecasts U.S. households will spend more on energy this winter. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and […]
Rare Earths MMI: GM, GE Renewable Energy sign MoU to develop rare earth supply chain
The Rare Earths Monthly Metals Index (MMI) bounced back, rising by 11.6% this month. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. GM, GE Renewable Energy aim to develop rare earths supply chain Automaker General Motors and GE Renewable Energy have signed a memorandum of understanding through […]
Stainless MMI: Index declines for first time in five months
The Stainless Monthly Metals Index (MMI) fell by 1.9% for this month’s reading. Do you know the five best practices of sourcing metals, including stainless steel? Base price and surcharge increases North American Stainless (NAS) increased 304, 304L and 316L effective Oct. 1 by reducing the discount by two points. For 304, this is an […]
LME CEO weighs in on low-carbon aluminum during LME Week
London Metal Exchange CEO Matthew Chamberlain has expressed doubt over sourcing aluminum from exclusively low-carbon sources in the short term. “There have been calls for us to exclude high-carbon production, but we don’t think that’s the right thing to do because there simply would not be enough aluminum on the market,” Chamberlain said on Oct. […]
Chinese iron ore prices rising strongly again despite property market fears
Chinese iron ore prices have certainly been on a roller coaster ride this year, hitting a record high in value terms after a period in which the price had risen and fallen sharply. Futures on the Dalian exchange for delivery in January 2022 are now trading at RMB 777 per ton. That compares with about […]