Copper prices have surged this year as China’s recovery from the coronavirus pandemic continues.
Fouad Egbaria
This Morning in Metals: Core markets ‘showing signs of recovery,’ ArcelorMittal says
Steelmaker ArcelorMittal says its core markets have exhibited some signs of recovery.
This Morning in Metals: Canadian P1020 aluminum exports to U.S. fall in July
This morning in metals news: the Aluminum Association of Canada reported the country’s aluminum exports to the U.S. have declined; Great Lakes region steel production is down this year; and the International Tin Association commented on Yunnan province’s tin stockpiling initiative.
This Morning in Metals: Rusal aluminum production falls 1.4%
This morning in metals news: Rusal released its Q2 2020 production results; Norsk Hydro has signed a memorandum of understanding for potential use of natural gas at its Alunorte refinery in Brazil; and Rio Tinto announced the discovery of a new zone of gold mineralization.
Steel capacity utilization continues recent gains, moves to 58.9%
The U.S. steel sector has slowly but surely been showing some signs of recovery.
Federal Reserve: U.S.’s June industrial production rises 5.4%
The Federal Reserve recently reported U.S. industrial production in June increased by 5.4%, building on the 1.4% increase in May.
This Morning in Metals: Gold price rises to all-time high
This morning in metals news: the gold price has surged to an all-time high; China is eyeing changes to its steep capacity swap rules; and Northern Dynasty Minerals has received an environmental impact study for its Pebble copper-gold-molybdenum project in Alaska.
This Morning in Metals: June steel imports drop to 1.3M metric tons
This morning in metals news: U.S. steel imports fell in June; Freeport-McMoRan reported its Q2 and first-half results; and Norsk Hydro’s underlying EBIT for the second quarter gained compared with Q2 2019.
Week in Review: Housing starts rise; oil price recovers; shipping lines face challenges
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines on MetalMiner:
World Steel Association: global steel production falls 7% in June
Global crude steel production in June fell by an estimated 7% on a year-over-year basis.