This morning in metals news: officials held a groundbreaking ceremony at the AM/NS Calvert mill earlier this month; President Joe Biden is expected to sign an executive order that calls for assessments of several critical supply chains; and US housing starts fell in January. AM/NS Calvert officials hail expansion project Officials celebrated the imminent expansion […]
Fouad Egbaria
Nucor forecasts Q1 2021 net earnings to best 2008 record
While the first half of 2020 posed significant challenges for metals manufacturers and end users alike, some firms have showed signs of recovery in the ensuing months and into 2021. In the second quarter, steel demand suffered. Automotive manufacturers idled production in North America for a period of about two months last year, beginning in […]
Ford goes ‘all-in’ on electric in Europe
After General Motors announced a series of electric vehicle and emissions targets last month, it is unsurprising that similar announcement from competitors have followed. Today, Ford Motor Co. announced plans to charge ahead with its electrification plans in Europe. Earlier this month, Ford announced it would invest an additional $29 billion in electric and autonomous […]
This Morning in Metals: Novelis unveils high-strength automotive aluminum
This morning in metals news: Novelis announced the commercial availability of a new class of high-strength automotive aluminum; meanwhile, the United States Geological Survey updated its Mineral Deposit Database for niobium; and the global aluminum market surplus more than tripled from 2019 to 2020. Novelis announces new high-strength automotive aluminum Atlanta-based Novelis today announced it […]
This Morning in Metals: February 2021 MMI report is out
This morning in metals news: the February 2021 Monthly Metals Index (MMI) report is out; meanwhile, US steel capacity utilization reached 76.9%; and, lastly, Rusal recently announced the acquisition of a German aluminum producer. February 2021 MMI report As regular readers know, we have published all 10 of our Monthly Metals Index (MMI) articles over […]
This Morning in Metals: Copper price surges after January cooldown
This morning in metals news: the copper price is on its way back up again; meanwhile, Rio Tinto reached a new power agreement for its ISAL aluminum smelter; and, lastly, oil prices continue to rise. Copper price surges After a sleepy January, copper prices are back on the ascent. The LME three-month copper price closed […]
Week in Review: Biden administration reimposes UAE tariff; copper demand; stainless steel price hikes
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 the Biden administration reimposing a tariff on aluminum from the UAE, copper demand and much more. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]
Renewables/GOES MMI: US renewable energy electricity generation to double by 2050
The Renewables Monthly Metals Index (MMI) rose by 4.4% this month, as the Energy Information Administration released a forecast on renewable energy. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Renewable energy growth in the US US electricity generation from renewable energy sources is forecast to double over the […]
This Morning in Metals: General Motors grapples with semiconductor supply challenges
This morning in metals news: automaker General Motors is facing challenges related to semiconductor supply; meanwhile, Oslo-based Norsk Hydro reported its Q4 2020 financial results; and, lastly, the oil price continues to tick up. Semiconductor supply End users across sectors are dealing with material shortage challenges. The automotive sector is no different. This week, General Motors […]
This Morning in Metals: Coalition of American Metal Manufacturers and Users calls for end to Section 232 tariffs
This morning in metals news: the Coalition of American Metal Manufacturers and Users called on the Biden administration to rescind the Section 232 steel and aluminum tariffs; meanwhile, the Energy Information Administration forecasts US energy-related CO2 emissions to rise after the mid-2030s; and, lastly, US President Joe Biden spoke this week with Chinese President Xi […]
