The Global Precious Monthly Metals Index (MMI) gained 5.3% for this month’s index value, as the gold price surged to start the year but couldn’t hold onto those gains. Get social with us. Follow MetalMiner on LinkedIn. Gold price ups and downs Amid ongoing economic uncertainty, a falling dollar and the coronavirus pandemic, many market watchers […]
Year: 2021
This Morning in Metals: U.S. steel capacity utilization rate rises to 75.4%
This morning in metals news: U.S. steel capacity utilization reached 75.4% for the week ending Jan. 9; General Motors announced the launch of BrightDrop; and Rusal America announced a new line of aluminum additive manufacturing powders. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups […]
Rare Earths MMI: $2.3T government spending bill includes more than $800M for rare earths research
The Rare Earths Monthly Metals Index (MMI) gained 18.2% for this month’s index value. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. $2.3T pandemic aid, government spending package includes rare earths research funds Late last year, President Donald Trump signed a $2.3 trillion pandemic aid […]
U.K.’s electric vehicle supply chain needs an electrifying jolt
Automotive producers the world over are facing challenges, but the U.K. automotive industry is arguably in the most challenging environment of all. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. U.K. automotive sector faces headwinds Over the last year, COVID-19 restrictions have closed showrooms. Furthermore, […]
This Morning in Metals: Oyu Tolgoi copper mine expansion faces termination by Mongolian government
This morning in metals news: Turquoise Hill Resources offered an update on the Oyu Tolgoi copper mine expansion project; renewable power generation will continue to rise this year in the U.S.; and the aluminum price has traded sideways over the last month. Are rising MW premiums causing concern? See how service centers take advantage of […]
Have we already seen peak iron ore prices for this year?
Iron ore — or at least iron ore producers — have had a pretty good pandemic. Get social with us. Follow MetalMiner on LinkedIn. Recovering iron ore output In Brazil, historic environmental restrictions and, at least in Q1 2020, heavy rains hampered Vale’s operations. In addition, the miner faced an ongoing impact on its workforce due […]
This Morning in Metals: E.U. hits Turkish iron, steel with duties
This morning in metals news: new E.U. duties on iron and steel imports from Turkey take effect today; meanwhile, the Aluminum Association commented on President-elect Joe Biden’s nomination for the post of secretary of commerce; and natural gas prices fell to their lowest levels in decades last year. Cut-to-length adders. Width and gauge adders. Coatings. […]
Tensions simmer between China, Australia over coking coal import ban
Nobody yet is quite sure whether Australia and China’s spat over coking coal imports will eventually turn out to be a case of bad politics making good economics or bad economic sense making for good politics. While politics between China and Australia is part of the reason for the former to have completely banned the […]
This Morning in Metals: U.S. goods and services deficit hits $68.1M in November
This morning in metals news: the Census Bureau and Bureau of Economic Analysis reported the U.S. goods and services deficit totaled $68.1 billion in November; the Brazilian state of Minas Gerais is hoping to win a compensation deal from miner Vale; and the American Iron and Steel Institute released steel import data for December. MetalMiner […]
Construction MMI: U.S.’s November construction spending rises
The Construction Monthly Metals Index (MMI) ticked up 5.8% this month, as U.S. construction spending rose in November. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. U.S. construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,459.4 billion in November, the Census […]