This morning in metals news: the U.S. Court of International Trade granted defendants’ motion for partial dismissal of a challenge to the U.S.’s Section 232 duties on Canadian steel; the Midwest is the heart of U.S. wind capacity; and, lastly, U.S. Steel released its second-quarter guidance. Each month, MetalMiner hosts a webinar on a specific […]
Year: 2021
During Q1, global copper mine production increased by 3.7%.
Global copper mine production rose by 3.7% in the first quarter of 2021, the International Copper Study Group (ICSG) reported this week. The group estimated an apparent global copper surplus of 130,000 metric tons. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Copper mine production gains […]
Trade tensions persist, but China still needs Australian iron ore
A year ago, China fired the first salvo across Australia’s bow by amending iron ore screening provisions. This was perceived by the rest of the world as Beijing targeting Australian iron ore supply because of the latter’s support for a probe of the origins of the COVID-19 pandemic. So, now is a good time to […]
Today’s Metal News: US steel capacity utilization climbs to 82.9%.
This morning in metals news: the U.S. steel sector’s capacity utilization rate rose to 82.9% last week; Cleveland-Cliffs will demolish the site of the former AK Steel Ashland mill; and, lastly, the Energy Information Administration sees higher natural gas prices in the year ahead. The MetalMiner Best Practice Library offers a wealth of knowledge and […]
Belgian government plans to give loan to Liberty Steel asset
The government of Belgium’s Walloon Region plans to provide a loan to Liberty Steel’s Liberty Liège-Dudelange (LLD) rolling and coating asset while seeking a new buyer for it. The move follows the March collapse of the steelmaking group’s main creditor, Greensill Capital. “In this context, the company LLD is in the process of judicial reorganization […]
The aluminum shortfall could potentially turn into a surplus later this year.
However you slice and dice the statistics — and there are numerous ways stats can be sliced and diced — the global aluminum market is tight. Whether we look at primary ingot, extrusion billet or rolling slab intermediates, or semi-finished sheets/plates, tubes and extrusions mill lead times are long and conversion premiums are high. Meanwhile, […]
This Morning in Metals: General Motors to help develop hydrogen fuel cell systems for aircraft
This morning in metals news: General Motors will collaborate with Liebherr-Aerospace to develop hydrogen fuel cell power generation systems for aircraft; meanwhile, the copper price continues to slide; and, lastly, Rio Tinto has opened a new scandium plant in Canada. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]
Commodity prices off on stronger dollar
It won’t have been missed by anyone in the metals markets, but commodity prices have drifted off this past week. The reason is a resurgent dollar. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Commodity prices down on stronger […]
Summary of the Week: Boeing-Airbus Conflict, Copper Price Trends, and Stainless Steel Demand
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: Stop obsessing about the actual forecasted nickel price. It’s more important to spot the trend. See why. Week of June 14-18 (Boeing-Airbus dispute, copper prices and much more) What will Britain’s trade […]
This Morning in Metals: Construction inputs rise 24.2% over last year
This morning in metals news: construction inputs have jumped by 24.2% from May 2020-May 2021; the United States-Mexico-Canada Agreement (USMCA) Environment Committee released its first joint statement; and, lastly, the U.S. dollar has strengthened this week. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for […]