This morning in metals news: the Consumer Price Index (CPI) for All Urban Consumers increased by 0.9% in June, the Bureau of Labor Statistics reported today; meanwhile, U.S. crude oil production efficiency increased in the Bakken region in 2020; and, lastly, North American Stainless experienced a production slowdown late last week. The MetalMiner Best Practice […]
Year: 2021
Rare Earths MMI: Contract signing establishes emerging US-EU rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) fell 2.7% for the July MMI reading. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. First shipment establishes new US-EU rare earths supply chain Energy Fuels Inc. and Neo Performance Materials […]
Stainless MMI: ATI, USW reach tentative agreement to end strike
The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing […]
European aluminum producers object to inclusion in carbon border tax
Government interference, even for the best of reasons, can have market-distorting effects. Take, for example, calls by European aluminum producers to be excluded from the European Union’s Carbon Border Adjustment Mechanism (CBAM) carbon border tax proposal. Do you know the five best practices of sourcing metals, including aluminum? European aluminum producers want out of CBAM […]
This Morning in Metals: GM sales in China rise 5.2% in Q2
This morning in metals news: General Motors reported strong Q2 sales in China; miner Anglo American said it had completed its first maritime biofuel trial; and, lastly, the copper price has trended sideways so far in July. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at […]
Construction MMI: US construction spending dips in May
The Construction Monthly Metals Index (MMI) rose by 0.9% for this month’s index reading, as U.S. construction spending fell by 0.3% in May from the previous month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. US construction spending U.S. […]
Unlike the rest of the world, China’s steel market is surprisingly steady
China’s steelmaking raw materials and finished steel markets are in a real state of flux at the moment. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Recovery and a new dynamic impacting steel prices On the one […]
Copper MMI: Copper prices consolidate
The Copper Monthly Metals Index (MMI) decreased by 7.3% for this month’s reading, as copper prices declined. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper stock Since the beginning of the year, there have been concerns over copper […]
Week in Review: Aluminum prices remain elevated; auto sales post strong Q2; USW, ATI reach tentative deal
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of aluminum prices, U.S. auto sales, a Saudi-Emirati oil output spat and much more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay […]
This Morning in Metals: Steelworkers reach tentative deal to end three-month ATI strike
This morning in metals news: the United Steelworkers union this week announced it had reached a tentative deal with Allegheny Technologies Inc. (ATI) to end a three-month strike; meanwhile, Ford China’s sales rose by 24% in the first half of the year; and, lastly, the U.S. and Mexico announced a course of remediation under the […]