This morning in metals news: General Motors debuted its 2023 Cadillac LYRIQ electric vehicle; the House Judiciary Committee advanced a bill that seeks to open OPEC up to lawsuits for price collusion; and Texas is set to add a significant amount of utility-scale solar power. The MetalMiner Best Practice Library offers a wealth of knowledge […]
Year: 2021
A year later: Chatting with Josh Gilbert of Temperance Beer Co. on the aluminum can shortage, COVID-19 impacts
A little over a year has come and gone since the COVID-19 pandemic took hold in the US. In addition to the immense human toll, the pandemic has changed the way many people live their lives. Work situations have changed, as many have switched out commutes to the office for a morning commute to their […]
Facebook, Indian firm CleanMax reach deal on 32 MW wind power project
Social network Facebook recently announced an agreement with a Mumbai-based clean energy firm CleanMax for a 32 MW wind power project in India’s southern province of Karnataka. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Facebook to purchase energy […]
This Morning in Metals: US steel capacity utilization rate reaches 78.0%
This morning in metals news: US steel capacity utilization reached 78.0% last week; Rio Tinto released its Q1 production results; and the Pilbara Ports Authority reported March shipping figures. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US steel […]
Zinc treatment charges tell us a similar story to copper
We wrote about the copper market and what smelter treatment charges are telling us about mine supply — and, hence, refined metal supply this year. Treatment and refining charges have collapsed. That is a sure sign that refiners are struggling to secure concentrate supply as mines’ recovery, largely due to COVID-19 effects, lags global industrial […]
Tata Steel Europe to introduce surcharge on HRC, CRC sales contracts
Tata Steel Europe (TSE) plans to enact a carbon surcharge on all new flat–rolled product contracts from July 1, a spokesman for the group said. The planned surcharge scheme stipulates for now a €12 ($14.30) per metric ton of hot and cold rolled coil from TSE’s plants at Port Talbot (Tata Steel UK) and IJmuiden […]
This Morning in Metals: Century Aluminum, USW reach five-year labor deal at Hawesville smelter
This morning in metals news: Century Aluminum and the United Steelworkers union reached a five-year labor agreement at the Hawesville smelter; meanwhile, Ford reported its Q1 sales results in Europe; and, lastly, miner Anglo American said it will now source 100% renewable energy at its South American operations. The MetalMiner Best Practice Library offers a […]
Copper price eases, but for how long?
Copper bulls who were betting on continued price rises — or, more importantly, copper consumers worried about escalating copper costs — may be looking at the copper price and wondering what is going on. Prices hit over $9,600 per metric ton in late February but have since fallen back. Although experiencing volatility, the copper price […]
Week in Review: Steel prices; US electricity consumption; rising aluminum premiums
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 steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity […]
This Morning in Metals: Alcoa posts ‘excellent’ first quarter, cites stronger prices
This morning in metals news: Alcoa announced its first quarter financial results; US housing starts surged in March; and General Motors and LG Energy Solution are building a second Ultium battery cell manufacturing plant in the US. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals […]