This morning in metals news: US mines produced approximately $82.3 billion in minerals in 2020; meanwhile, the United States International Trade Commission launched a Section 337 investigation related to batteries; and, lastly, aluminum prices have been dropping. US mines produced $82.3 billion in minerals in 2020 US mines produced approximately $82.3 billion in minerals last […]
Fouad Egbaria
Automotive MMI: US automotive sales show strength in January
The Automotive Monthly Metals Index (MMI) ticked up 4.6% for this month’s value, as automotive sales were strong in January. US auto sales On the sales front, Honda reported its US sales fell by 9.2% in January. Sales totaled 92,225 units in the first month of the new year. Honda truck sales fell 2.2%, while […]
This Morning in Metals: February 2021 Monthly Metal Outlook is out
This morning in metals news: the February 2021 MetalMiner Monthly Metal Outlook (MMO) report is out; the US steel sector’s capacity utilization rate reached 76.1%; and US industrial production rose in December. February 2021 Monthly Metal Outlook report available The February 20201 MetalMiner Monthly Metal Outlook (MMO) is now available. Readers will find news, analysis […]
This Morning in Metals: Copper price slips to one-month low
This morning in metals news: the copper price fell to its lowest level in a month; US housing starts ticked up 5.8% in December; and China’s industrial profits rose 4.1% in 2020. Copper price dips to one-month low After surging in the second half of 2020, the copper price has slumped thus far in 2021. […]
Week in Review: General Motors shoots for carbon neutrality by 2040; copper price cools; December US steel imports rise
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner. In sustainability news, Big 3 automaker General Motors said it intends to be carbon neutral in its operations by 2040. The automaker has also indicated it will offer 30 new all-electric models […]
This Morning in Metals: General Motors targets carbon neutrality by 2040
This morning in metals news: General Motors announced its goal for carbon neutrality; miner Anglo American released its Q4 2020 production results; and, finally, the Aluminum Association of Canada announced an update in a project related to traceability of Canadian aluminum. General Motors aims for carbon neutrality by 2040 Matching similar announcements by other major […]
US GDP rises 4.0%, short of expectations, to close tumultuous 2020
US GDP finished 2020 on a positive note, rising by 4.0% in the fourth quarter, the Bureau of Economic Analysis reported today. US GDP gains — but falls short of expectations With that said, US GDP gains in Q4 fell short of expectations. The country continued to deal with the impact of the coronavirus pandemic […]
This Morning in Metals: Changan Ford to manufacture Mach-E in China for local customers
This morning in metals news: Ford Motor Co. announced Changan Ford will manufacture the new all-electric Mach-E SUV in China for local customers; the U.S.’s monthly deficit declined from November to December; and U.S. steel imports fell by 21% last year. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
This Morning in Metals: U.S. steel imports rise in December
This morning in metals news: U.S. steel imports in December picked up compared with the previous month; President Joe Biden’s nomination for secretary of commerce, Rhode Island Gov. Gina Raimondo, faced her Senate confirmation hearing yesterday; and the E.U.’s ambassador to the United States called on Biden to reach a resolution on aluminum tariffs and […]
World Steel Association: Global crude steel production down 0.9% in 2020
After global crude steel production rose for four consecutive years, output declined last year, the World Steel Association reported Tuesday. Global crude steel production drops 0.9% in 2020 Global crude steel production fell by 0.9% in 2020 compared with 2019, the World Steel Association reported. Production had increased every year from 2015-2019. Output last year […]