This morning in metals news: the U.S. Court of International Trade ruled the U.S.’s doubling of Section 232 steel tariffs for imports from Turkey in 2018 violated the Fifth Amendment’s Equal Protection guarantees; Western Copper and Gold announced an increase in its mineral reserves; and Alcoa released its second-quarter earnings results.
Fouad Egbaria
This Morning in Metals: Toyota to source electrical steel sheet from Baowu
This morning in metals news: Toyota will reportedly source electrical steel sheet from China’s Baowu Steel; Nevada Copper is requesting a financial hardship exemption; and iron ore continues to soar.
Renewables/GOES MMI: Tesla’s cobalt supply deal; UT-Austin research team releases findings on cobalt-free battery
The Renewables Monthly Metals Index (MMI) gained 2.1% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.)
This Morning in Metals: U.S. steel capacity utilization rises to 57.5%
This morning in metals news: the U.S. steel sector’s capacity utilization rate ticked up this past week; a steel processing company plans to open a new facility in Kentucky on Nucor’s campus; and China’s demand for iron ore from Australia has persisted, despite trade tensions between the two countries.
This Morning in Metals: Rio Tinto to close New Zealand Aluminum Smelters
This morning in metals news: Rio Tinto announced it will wind down operations and eventually close its New Zealand Aluminum Smelters; copper prices are surging; and the Pilbara Ports Authority reported June shipping data.
Week in Review: U.S.-China trade; U.S. automotive sales; LME aluminum load-out queues
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Sign up today for Gunpowder, MetalMiner’s free, weekly e-newsletter featuring news, analysis and more. MetalMiner’s Stuart Burns interviewed Stratfor’s Rodger Baker on the state of U.S.-China trade tensions. U.S. automotive sales […]
This Morning in Metals: U.S. steel shipments down 32.9% in May
This morning in metals news: U.S. steel shipments fell 32.9% in May; a Chilean lab is using copper in the fight against COVID-19; and some stores are feeling the effect of an aluminum can shortage.
This Morning in Metals: Norsk Hydro’s Alunorte signs deal to research feasibility of low-carbon cement from bauxite residue
This morning in metals news: Norsk Hydro’s Alunorte alumina refinery has signed a deal with the Federal University of Pará; a decline in petroleum demand yielded a rise in crude inventories this spring; and U.S. hires reached 6.5 million in May.
Global Precious MMI: Gold price surges to nearly nine-year high
The Global Precious Monthly Metals Index (MMI) gained 1.7% for this month’s reading.
This Morning in Metals: China’s Henan to hike fees for high-polluting steel producers
This morning in metals news: the Chinese province of Henan will raise its fees for steel and cement producers that do not meet low-emissions targets; BMO says the copper concentrate market will tighten this year; and the Oyu Tolgoi project took another step forward this past week.