This morning in metals news, Chinese exports of steel and aluminum were up in April, copper prices fell and negotiators are working to reach a deal on the North American Free Trade Agreement (NAFTA) this month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel, Aluminum Exports Jump in May […]
Fouad Egbaria
Rare Earths MMI: Researchers Discover Rare Earths Deposit Under Japanese Waters
The Rare Earths Monthly Metals Index (MMI) lost one point this month, dropping to 20 for our May reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Within this basket of metals, yttrium dropped slightly, while terbium oxide fell 7.8%. Neodymium oxide dropped 7.9%. Europium oxide fell 0.9%. Dysprosium oxide fell […]
This Morning in Metals: China Iron Ore Futures Rise
This morning in metals news, China iron ore futures were up Monday, the chief executive of Japan’s LIXIL Group expressed concern about aluminum price volatility, and a new study measures the economic effect of a potential U.S. withdrawal from the North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free months […]
Week in Review: Section 232, Nickel Fundamentals and a Brexit Check-In
Before we head into the weekend, let’s take a look back at the week that was. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook But first, if you plan on partaking in Cinco de Mayo celebrations tomorrow, you might want to check out our post from 2016 about stainless steel and […]
This Morning in Metals: Every Exempted Country Faces Quota or Restrictions, Trump Trade Adviser Says
This morning in metals news, every country exempted from the Trump administration’s Section 232 tariffs will be subject to either quotas or restrictions of some kind, copper hit a one-week high and aluminum prices jumped today as Trump administration officials kicked off a trip to Beijing to talk trade. Need buying strategies for steel? Try […]
Construction MMI: March Spending Up Year Over Year But Down 1.7% From February
The Construction Monthly Metals Index (MMI) increased four points, up to 95 for our May MMI reading. Within the basket of metals, Chinese rebar was down slightly on the month, while Chinese H-beam steel jumped 5.4%. U.S. shredded scrap steel rose 3.0%. European aluminum sheet jumped 4.9%. Chinese aluminum bar jumped 8.2%. Need buying strategies for steel? Try […]
Automotive MMI: U.S. Auto Sales Drop in April
The Automotive Monthly Metals Index (MMI) tracked back slightly this past month, losing one point to fall to a reading of 102 for our May MMI, as U.S. auto sales dropped in April. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Within the basket of metals, U.S. HDG got a slight boost, as […]
This Morning in Metals: U.S. Considers Quotas for Countries With Temporary Tariff Exemptions
This morning in metals news, the U.S. is considering quotas for the nations that had their Section 232 tariffs exemptions extended by 30 days this week, Russian aluminum giant Rusal could find its way out from under the eye of U.S. sanctions and the U.S. is hoping for a NAFTA deal this month. Quotas for […]
This Morning in Metals: Temporary Section 232 Tariff Exemptions Extended
This morning in metals news, several countries received good news ahead of the midnight deadline for the expiration of Section 232 tariff exemptions, Canada argues the steel tariff would hurt American jobs and LME copper falls to a three-week low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Countries Breathe a […]
This Morning in Metals: Tariff Exemption Deadline at Midnight for E.U., Others
This morning in metals news, the deadline for Section 232 tariffs exemptions for certain countries falls tonight at midnight, AK Steel’s stock is up and the LME copper price tracked up Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Tariff Exemption Expiration Approaches Several countries negotiated temporary exemptions from the […]
