This morning in metals news: the October Monthly Metals Index (MMI) report is out; the E.U. is reportedly considering imposing carbon border fees; and Alcoa released its third-quarter financial earnings. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a […]
Fouad Egbaria
This Morning in Metals: August 2020 steel shipments fall 22.9%
This morning in metals news: August 2020 steel shipments by U.S. steel mills fell 22.9% year over year; Norsk Hydro announced the termination of a memorandum of understanding; and, finally, the copper price made mid-week gains. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 67.9%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ending Oct. 10 reached 67.9%; copper prices dropped Tuesday; and global liquid fuel outages increased in 2020, according to the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Week in Review: Auto sales; potential Section 232 aluminum exemptions; oil struggles
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 coverage of: U.S. auto sales; potential Section 232 aluminum exemptions for the U.A.E. and Bahrain; oil majors’ struggles; and more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view […]
This Morning in Metals: U.S. steel prices continue upward movement
This morning in metals news: U.S. steel prices have made significant gains in recent weeks; exports of liquefied natural gas (LNG) from two key Louisiana export terminals have resumed after Hurricane Laura; the coronavirus pandemic has impacted tin production in Bolivia. Do you use cost breakdowns in your steel negotiations? See other tips in negotiating […]
This Morning in Metals: Moody’s steel outlook upgraded to stable
This morning in metals news: investor service Moody’s upgraded its global steel sector outlook from negative to stable; the E.U. slapped duties on stainless steel from China, Indonesia and Taiwan; and the American Iron and Steel Institute reported September import market share in the U.S. reached 16%. Are you under pressure to generate steel cost […]
Renewables/GOES MMI: SVOLT to supply cobalt-free batteries to automaker Great Wall
The Renewables Monthly Metals Index (MMI) posted no movement for this month’s MMI index value, as this month’s report leads with China’s SVOLT providing cobalt-free batteries to automaker Great Wall. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying […]
Global Precious MMI: Precious metals retrace after Trump’s announcement on stimulus
The Global Precious Monthly Metals Index (MMI) retraced 2.2% for this month’s index reading, as the gold price and the silver price both lost previous gains. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can […]
This Morning in Metals: Job openings unchanged in August
This morning in metals news: the number of U.S. job openings showed little movement in August, the Bureau of Labor Statistics reported; U.S. Steel’s Keetac mine remains closed; and winter heating bills are likely to be a little higher than last year’s, per the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month […]
Rare Earths MMI: Executive order takes aim at U.S. critical mineral import dependence
The Rare Earths Monthly Metals Index (MMI) posted no movement for this month’s index reading, as President Donald Trump signed an executive order that aims to strengthen the domestic mining industry and mitigate dependence on foreign sources of critical minerals. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]