This morning in metals news: Nucor Corporation this week said it is evaluating locations for a new 3-million-ton capacity sheet mill; meanwhile, the Department of Commerce announced changes to its anti-dumping and countervailing duty regulations; and, lastly, British Steel warned about surging power prices. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what […]
Fouad Egbaria
Global copper mine production up 4.9% in first half of 2021
Global copper mine production picked up by 4.9% during the first half of the year, the International Copper Study Group said this week. More MetalMiner is available on LinkedIn. Copper production gains Broken down further, concentrate production rose by 6.4% during the six-month period. Meanwhile, solvent extraction-electrowinning fell by 1.5%. Chile, the world’s top copper […]
This Morning in Metals: Rio Tinto to triple solar capacity at Weipa mine
This morning in metals news: Rio Tinto said it plans to triple solar capacity at its Weipa bauxite mine in Australia; meanwhile, the Aluminum Association said the Department of Commerce had issued final affirmative determinations regarding imports of aluminum foil; and, lastly, U.S. Steel is reportedly looking for a site to build a $3 billion […]
Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum
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 stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and […]
This Morning in Metals: U.S. Steel expects Q3 to be ‘quarter of records’
This morning in metals news: U.S. Steel released its third-quarter guidance yesterday; U.S. petroleum exports just edged out imports in the first half of the year; and, lastly, unemployment rates fell in 15 U.S. states in August. You want more MetalMiner on your terms. Sign up for weekly email updates here. U.S. Steel releases Q3 […]
Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel
The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give […]
This Morning in Metals: US import prices decline by 0.4% in August
This morning in metals news: U.S. import prices declined by 0.4% in August; the Energy Information Administration surveyed the disruption to electricity customers as a result of Hurricane Ida; and, lastly, the European Steel Association commented on the European Union’s proposed Green Deal. Stay up to date on MetalMiner with weekly updates – without the […]
Global Precious MMI: Gold price bounces back in second half of August as dollar weakens
The Global Precious Monthly Metals Index (MMI) fell by 4.2% for this month’s reading, as the gold price took losses early in the month before bouncing back. More MetalMiner is available on LinkedIn. Gold price recovers The gold price bounced back after falling to around $1,730 per ounce in early August. From there, the U.S. gold […]
Rare Earths MMI: Lynas Malaysia rare earths processing plant continues to operate at reduced rates
The Rare Earths Monthly Metals Index (MMI) dropped 8.5% for this month’s reading. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Lynas updates on Malaysian operations Lynas Rare Earths Ltd. last month offered an update on its processing operations in Malaysia. The plant is operating at reduced rates due to the […]
Construction MMI: Construction spending ticks up, ABI shows growth
The Construction Monthly Metals Index (MMI) picked up by 4.9% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. US construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,568.8 billion in July, the Census Bureau reported earlier this month. The July rate marked […]
