Author Archives: Fouad Egbaria

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The first five months of 2020 have been quite busy ones for the world of metals.

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On this Memorial Day, let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year.

  1. Oil price collapse is far from over … but now the U.S. has a role

  2. First a stock market crash, then an oil price crash as Saudi Arabia, Russia butt heads

  3. Coronavirus likely to impact steel, iron ore demand in 2020

  4. After historic gold-silver price gap in March, investors are starting to bet on silver

  5. Trump expands Section 232 tariffs on steel, aluminum derivatives

  6. Copper MMI: Uncertain demand after coronavirus outbreak reverses copper price gains

  7. Precious metal prices, including gold, in free fall

  8. India’s steel sector struggled in 2019 — but what does 2020 hold?

  9. Stainless MMI: Stainless surcharges fall, nickel prices increase slightly

  10. Coronavirus outbreak hammers share prices more than commodities

Maksym Yemelyanov/Adobe Stock

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner:

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This morning in metals news, Cleveland-Cliffs announced plans to increase its flat-rolled steel prices, China’s copper inventories have declined and the iron ore price moved up near $100 per ton Thursday.

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This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75 million to ArcelorMittal for its work on technology to reduce carbon emissions.

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This morning in metals news, the U.S. steel sector’s capacity utilization rate for the week ending May 16 hit 52.7%, U.S. Steel announced an iron ore sales agreement and the United States International Trade Commission (USITC) is holding a five-year sunset review of duties on oil country tubular goods from several countries.

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The COVID-19 pandemic continues to wreak havoc on economic activity around the world.

That impact was particularly noticeable on the U.S. industrial sector last month.

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This morning in metals news, the Energy Information Administration (EIA) released fuel inventory build projections for Q2, Mexico is preparing to ease its coronavirus restrictions and the U.S. recently announced a move targeting China’s Huawei’s.

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This morning in metals news, the copper price jumped Monday, Germany’s Thyssenkrupp is reportedly in talks to consolidate its loss-making steel business and the Oyu Tolgoi copper-gold mine needs $1.5 billion in capital costs.

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photonewman/Adobe Stock

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: copper prices, the automotive sector’s push to restart production, oil prices and more.

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Bombardho/Adobe Stock

This morning in metals news, copper prices were up Friday but expected to be down for the week, Rusal says the aluminum market recovery could stretch into next year and JW Aluminum’s CEO weighed in on potential impacts of the COVID-19 pandemic on U.S. businesses’ sourcing strategy.

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