This morning in metals news, Norsk Hydro’s primary aluminum, bauxite and alumina production levels were up in April and May, the Aluminum Association reiterates its stance against the reimposition of tariffs on Canadian aluminum, and April U.S. steel shipments fell 31.5%.
Fouad Egbaria
Renewables/GOES MMI: Central U.S. sets spring wind power generation records
The Renewables Monthly Metals Index (MMI) fell 2.1% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.)
Week in Review: Haulage faces roadblocks; copper rallies; Chinese steel demand recovers
Let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
This Morning in Metals: GFG looks to cut costs for post-COVID-19 economy
This morning in metals news, GFG Alliance is preparing for the realities of the post-COVID-19 world, the U.S. set wind power records this spring and Chinese lead stocks recently doubled.
This Morning in Metals: Federal Reserve maintains federal funds rate at 0-0.25%
This morning in metals news, the Federal Reserve on Wednesday opted to maintain the federal fund interest rate at 0-0.25%, the Producer Price Index for final demand rose 0.4% in May and Chinese rebar futures fell Thursday.
This Morning in Metals: Aluminum Extruders Council demands end to aluminum import tariffs
This morning in metals news, the Aluminum Extruders Council has released a statement calling for the U.S. to rescind its aluminum import tariffs, U.S. raw steel production came in at a capacity utilization rate of 53.3% for the week ending June 6 and Thyssenkrupp plans to partners with RWE on technology aimed at curbing emissions […]
Global Precious MMI: Gold prices remain above $1,700/oz as U.S. states roll back COVID-19 restrictions
The Global Precious Monthly Metals Index (MMI) gained 1.7% this month.
This Morning in Metals: U.S. petroleum demand falls 13% from February to March
This morning in metals news, U.S. petroleum demand took a hit on the heels of the coronavirus outbreak, the Carbon Trust is lobbying for clearer common standards for what can be called “green” aluminum and Australia’s iron ore sector could be set to receive a boost.
This Morning in Metals: Union workers at Ilva steel plant to go on strike over reported job cuts plan
This morning in metals news, workers at Italy’s Ilva steel plant will go on strike to protest a reported job cuts plan by plant owner ArcelorMittal, Alcoa has begun to lay off workers at its Ferndale, Washington aluminum smelter and President Donald Trump renewed a previous threat to impose tariffs on automobiles imported from the […]
Rare Earths MMI: DoD reverses decision to fund two U.S. rare earths separation facilities
The Rare Earths Monthly Metals Index (MMI) ticked up 4.8% this month.