This morning in metals news: the US Court of International Trade rejected a tariff exclusion process challenge; meanwhile, a metals trader ordered 10,000 tons of copper blister and got something else; and, finally, aluminum is gaining popularity as a material for outdoor living products. US Court of International Trade rules on Section 232 tariff exclusion […]
Fouad Egbaria
Aluminum MMI: China’s latest five-year plan could support aluminum prices
The Aluminum Monthly Metals Index (MMI) picked up 6.3% for this month’s reading, as the China aluminum sector could get a price boost from the 14th Five-Year Plan. Furthermore, the Department of Commerce made anti-dumping and countervailing duty determinations on aluminum sheet. China’s 14th Five-Year Plan By virtue of its having the largest aluminum and […]
This Morning in Metals: Nucor to build new tube mill in Midwest
This morning in metals news: Nucor announced plans to build a new tube mill in the Midwest; meanwhile, the Bureau of Labor Statistics released the Consumer Price Index summary for February; and the oil price pulled back slightly this week. Nucor to build new tube mill Nucor Corporation said Tuesday its Board of Directors had […]
Renewables/GOES MMI: Rio Tinto to invest $2.9M toward recovery of tellurium as byproduct of copper smelting
The Renewables Monthly Metals Index (MMI) picked up 4.2% for this month’s MMI reading, as Rio Tinto announced plans to build a new tellurium plant and cobalt prices are surging. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
This Morning in Metals: March 2021 Annual Outlook update now available
This morning in metals news: MetalMiner’s March update to its Annual Outlook report is now available to subscribers; US steel capacity utilization reached 77.4% last week; and the United States Trade Representative announced the conclusion of WTO quota negotiations with the European Union. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
Global Precious MMI: Gold retraces as dollar firms, long-term treasury yields rise
The Global Precious Monthly Metals Index (MMI) dipped 0.7% for this month’s index value, as gold prices have continued to slide. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Gold price dips below $1,700/oz Amid economic uncertainty and turbulence, many turn to traditional safe-haven assets like […]
This Morning in Metals: U.S. Steel acquires flat rolled steel sheet patents
This morning in metals news: U.S. Steel announced the acquisition of patents from The NanoSteel Company, Inc.; meanwhile, China is eyeing stronger management of its mineral resources; and, lastly, Rio Tinto plans on building a new tellurium plant at its Kennecott mine. U.S. Steel acquires steel patents U.S. Steel announced it had acquired flat rolled […]
Rare Earths MMI: Lynas reports half-year results; executive order eyes rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) rose by 10.6% for this month’s reading. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Lynas Rare Earths reports half-year results Australia’s Lynas Rare Earths Ltd., the largest rare earths firm outside […]
Week in Review: Steel capacity; February US auto sales; OPEC meets
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, which this week includes coverage of steel capacity utilization, the latest OPEC ministerial meeting and much more. Overall, most base metals seem to be retracing from a late February peak. […]
This Morning in Metals: OPEC ministers agree to maintain March output levels into April
This morning in metals news: ministers of oil-producing countries agreed this week to by and large maintain March output levels in April; Texas and Florida posted gains in small-scale solar capacity last year; and China’s steel imports surged in 2020. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]
