The Copper Monthly Metals Index (MMI) increased by 7.8% for this month’s reading, as the copper price remains high but dipped below the $10,000/mt level. 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. Copper prices retrace On May […]
Year: 2021
This Morning in Metals: China auto sales fall 3.1% year over year in May
This morning in metals news: China auto sales cooled in May, according to the China Association of Automobile Manufacturers; production of crude oil and natural gas in New Mexico reached a record high in March; and, lastly, labor productivity fell in 13 of 29 service-providing industries in the U.S. last year. Stay up to date […]
Raw Steels MMI: Chinese steel prices correct, US prices continue to rise
The Raw Steels Monthly Metals Index (MMI) rose by 0.8% as U.S. steel prices continued to pick up but Chinese prices corrected. 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. Chinese steel prices drop Since April 2020, Chinese […]
Does Brexit Britain lean towards embracing free trade or favoring protectionism
To protect or not to protect, that is the question for Brexit Britain. Britain was taken into its rupture from Europe on the Global Britain ticket, with the promise of liberating new trade deals once it was unfettered by Europe’s stifling protectionist culture. That’s not a bad mandate for change. However, it would seem that […]
Week in Review: Interest in Liberty Steel’s French assets; automotive sales power ahead; China coal target dampens smelter investment
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 steel sector news, the Biden administration’s release of a 250-page supply chain report and much more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to […]
This Morning in Metals: Production resumes at Pennsylvania steel plant
This morning in metals news: production has resumed at Tenaris‘ steel plant in Koppel, Pennsylvania; meanwhile, Anglo American said it has demerged its thermal coal operations in South Africa; and, lastly, the United Steelworkers union commented on the Biden administration’s recently released supply chain review. Each month, MetalMiner hosts a webinar on a specific metals […]
Global Precious MMI: Gold price bounces back in May as dollar moves sideways
The Global Precious Monthly Metals Index (MMI) rose by 1.3% for this month’s reading, as the gold price rose to around $1,900 per ounce. 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. Gold price picks up to close […]
As China targets 2030 for peak coal use, aluminum output could also peak
China’s steel and aluminum market is undergoing a quiet revolution. It’s not a revolution of investment or innovation. 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. Peak aluminum, steel in China? According to Reuters, Beijing’s target of peak […]
This Morning in Metals: USITC makes determinations in sunset review of cut-to-length carbon steel plate imports
This morning in metals news: the United States International Trade Commission made determinations in a five-year sunset review covering imports of cut-to-length carbon steel plate; meanwhile, United States Trade Representative Katherine Tai will outline the Biden-Harris administration’s “worker-centered trade policy” today; and, lastly, the Consumer Price Index for All Urban Consumers rose by 0.6% in […]
Rare Earths MMI: US to consider launching Section 232 probe for neodymium magnets
The Rare Earths Monthly Metals Index (MMI) fell by 19.6% this month, as China has loosened rare earths production quotas and the Biden administration could possibly launch a Section 232 investigation for neodymium magnets. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and […]