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 […]
Fouad Egbaria
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 […]
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 […]
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 […]
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 […]
Raw Steels MMI: US steel prices keep rising but pace of gains begins to slow
The Raw Steels Monthly Metals Index (MMI) rose by 7.8% for this month’s reading, as steel prices continued to rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. Steel price gains slow As we’ve chronicled in this monthly column, steel prices have been rising consistently since […]
This Morning in Metals: Rio Tinto reaches new financing deal for Oyu Tolgoi
This morning in metals news: miner Rio Tinto announced it had reached a financing plan with Turquoise Hill Resources for the Oyu Tolgoi copper mine in Mongolia; meanwhile, the United States International Trade Commission (USITC) made a countervailing duty ruling on chassis and subassemblies from China; and, lastly, China’s National Bureau of Statistics released Producer […]
Aluminum MMI: Buyers see tight supply, rising physical delivery premiums
The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are […]
Copper MMI: Copper price stabilizes in March
The Copper Monthly Metals Index (MMI) fell by 2.8% for this month’s reading. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled […]
