A deal is not a deal until it is done, goes the old adage. Mining projects are notorious for falling afoul due to presuming agreed terms will be played out as expected. The Financial Times reports on the conundrum BHP and Rio Tinto face in developing the Oak Flat copper ore body in Arizona. Stay […]
Year: 2021
Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel
The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give […]
This Morning in Metals: US import prices decline by 0.4% in August
This morning in metals news: U.S. import prices declined by 0.4% in August; the Energy Information Administration surveyed the disruption to electricity customers as a result of Hurricane Ida; and, lastly, the European Steel Association commented on the European Union’s proposed Green Deal. Stay up to date on MetalMiner with weekly updates – without the […]
Global Precious MMI: Gold price bounces back in second half of August as dollar weakens
The Global Precious Monthly Metals Index (MMI) fell by 4.2% for this month’s reading, as the gold price took losses early in the month before bouncing back. More MetalMiner is available on LinkedIn. Gold price recovers The gold price bounced back after falling to around $1,730 per ounce in early August. From there, the U.S. gold […]
Rare Earths MMI: Lynas Malaysia rare earths processing plant continues to operate at reduced rates
The Rare Earths Monthly Metals Index (MMI) dropped 8.5% for this month’s reading. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Lynas updates on Malaysian operations Lynas Rare Earths Ltd. last month offered an update on its processing operations in Malaysia. The plant is operating at reduced rates due to the […]
Construction MMI: Construction spending ticks up, ABI shows growth
The Construction Monthly Metals Index (MMI) picked up by 4.9% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. US construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,568.8 billion in July, the Census Bureau reported earlier this month. The July rate marked […]
This Morning in Metals: Steel capacity utilization rises; Hydro inks energy deal; aluminum prices skyrocket
This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises […]
Germany pledges $65M toward new ArcelorMittal DRI plant
Germany’s federal environment minister has pledged €55 million ($65 million) towards ArcelorMittal Hamburg’s planned construction of a demonstrator directed reduced iron (DRI) plant, which will eventually use green hydrogen, the Luxembourg-headquartered group stated. Svenja Schulze pledged the government’s support Sept. 7 while visiting the Hamburg plant, ArcelorMittal noted. Do you know which market conditions are […]
Commodity exchange-traded funds see large net inflows this year
Exchange-traded funds, or ETFs, are sometimes punted as an alternative to direct investments on metals exchanges, like the LME or CME. But in reality, it is a different kind of investor who buys ETFs, even if they are largely buying into the same metal story. Stay up to date on MetalMiner with weekly updates – […]
This Morning in Metals: Global aluminum production jumps in July
This morning in metals news: global aluminum production picked up in July; the WTI crude price continues to hover around $70 per barrel; and, lastly, the Producer Price Index for final demand increased by 0.7% in August. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Aluminum production increases in July Global […]