This morning in metals news: Ford Motor Co. is collaborating with Redwood Materials on a closed-loop battery recycling and building out the domestic electric vehicle battery supply chain; Norway will expand natural gas exports to Europe; and, lastly, aluminum prices have slowed down after peaking Sept. 13. Many may be wondering how to set buying […]
Year: 2021
Iron ore prices plunge as China curbs steel sector output
Chinese moves to clean up their heavy-polluting industrial sector has triggered a swift collapse in iron ore prices for the first time since July 2020. Prices last Friday and Monday dipped below the $100 per ton mark. According to a draft guideline released on Thursday, the Ministry of Ecology and Environment intends to monitor 64 […]
Record natural gas, resulting power prices cause alarm in Europe’s steel industry
Reports in the media that natural gas prices in the U.K. have more than quadrupled over the last year to highs of 180p per therm from around 40p per therm this time last year are making headlines. This is largely because of the impact on small, startup gas suppliers who have been forced out of […]
This Morning in Metals: Nucor to build new 3-million-ton capacity sheet mill
This morning in metals news: Nucor Corporation this week said it is evaluating locations for a new 3-million-ton capacity sheet mill; meanwhile, the Department of Commerce announced changes to its anti-dumping and countervailing duty regulations; and, lastly, British Steel warned about surging power prices. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what […]
Global copper mine production up 4.9% in first half of 2021
Global copper mine production picked up by 4.9% during the first half of the year, the International Copper Study Group said this week. More MetalMiner is available on LinkedIn. Copper production gains Broken down further, concentrate production rose by 6.4% during the six-month period. Meanwhile, solvent extraction-electrowinning fell by 1.5%. Chile, the world’s top copper […]
This Morning in Metals: Rio Tinto to triple solar capacity at Weipa mine
This morning in metals news: Rio Tinto said it plans to triple solar capacity at its Weipa bauxite mine in Australia; meanwhile, the Aluminum Association said the Department of Commerce had issued final affirmative determinations regarding imports of aluminum foil; and, lastly, U.S. Steel is reportedly looking for a site to build a $3 billion […]
ArcelorMittal to invest $800M for massive expansion project in Liberia
ArcelorMittal and Liberian President George Weah have announced a 25-year commitment to stay in Liberia. Through the deal, the steelmaker will triple its iron ore production in the country and invest an additional $800 million. The steelmaker said it has invested $1.7 billion in the country over the last 15 years. Cut-to-length adders. Width and […]
Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum
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 stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and […]
This Morning in Metals: U.S. Steel expects Q3 to be ‘quarter of records’
This morning in metals news: U.S. Steel released its third-quarter guidance yesterday; U.S. petroleum exports just edged out imports in the first half of the year; and, lastly, unemployment rates fell in 15 U.S. states in August. You want more MetalMiner on your terms. Sign up for weekly email updates here. U.S. Steel releases Q3 […]
Chinese aluminum could be let off the hook of European anti-dumping measures
It is a curious insight into E.U. thinking when there is a clear case for anti-dumping duties only for them to be rowed back at the 11th hour after complaints from just two aluminum users and one importer. Do you know the five best practices of sourcing metals, including aluminum? Chinese aluminum and European anti-dumping […]