It was another action-packed week in the world of metals, including coverage from Stuart Burns on the rising copper price, developments in the rare earths sector and the release of the MetalMiner 2021 Annual Outlook report. The 2021 Annual Outlook is an invaluable resource for metals buyers preparing to set their spend for the year […]
Fouad Egbaria
This Morning in Metals: U.S.’s July 2020 steel shipments down 25.6%
This morning in metals news: July steel shipments fell by 25.6%; Nucor announced its 190th consecutive quarterly dividend; and the Energy Information Administration released its September Short-Term Energy Outlook. We’re offering timely emails with exclusive analyst commentary and best practice advice – and you choose how often you receive it. Sign up today. July 2020 […]
MetalMiner 2021 Annual Outlook report breaks down the year ahead
This is a crucial time of year in the world of metals: contracting season. It also means it’s time for something else: the MetalMiner 2021 Annual Outlook report. This past year has been marked by volatility, a situation that is not likely to change over the coming year. For industrial metal buying organizations, that means […]
This Morning in Metals: India to limit copper, aluminum imports
This morning in metals news: India is looking to curb its imports of copper and aluminum; Rio Tinto and Turquoise Hill reached a financing agreement for the Oyu Tolgoi underground mine project; and Germany’s steel industry needs state aid. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. India targets […]
U.S. steel sector capacity utilization rate rises two percentage points
After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior […]
This Morning in Metals: Copper prices gain momentum
This morning in metals news: copper prices gained momentum Wednesday; the rival of German steelmaker Thyssenkrupp rejected the idea of an alliance; and a Pakistani steelmaker is looking to ramp up its output amid a construction spike in the country. Stay up to date on MetalMiner with weekly, monthly, or quarterly updates – without the […]
RARE Act aims to mitigate U.S.’s rare earths dependence on China
In this month’s Rare Earths Monthly Metals Index (MMI) news: Texas Congressmen introduced the RARE Act; the European Commission unveiled its own raw materials action plan; and Chinese rare earths to the U.S. could plunge this year. The Rare Earths MMI gained 8.3% for this month’s MMI reading. Sign up today for Gunpowder, MetalMiner’s free, […]
This Morning in Metals: GM announces partnership with Nikola Corporation
This morning in metals news: General Motors announced a partnership with Nikola Corporation; U.S. manufacturing corporations saw their profits plunge in Q2 2020; and Chile’s copper shipments fell in August. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. […]
Construction MMI: U.S. construction spending flat in July
The Construction Monthly Metals Index (MMI) gained 2.6% for this month’s MMI reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. U.S. construction spending U.S. construction spending in July checked in at a seasonally adjusted annual rate of […]
Happy Labor Day 2020 from MetalMiner
To our U.S. readers, MetalMiner wishes everyone a happy and safe Labor Day weekend. The next several days will be busy ones here at MetalMiner. Keep an eye out for the release of our big Annual Outlook report, which offers a more expansive view of the various metals categories tracked in our Monthly Metal Outlook […]