This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75 […]
Fouad Egbaria
This Morning in Metals: U.S. steel capacity utilization hits 52.7% last week
This morning in metals news, the U.S. steel sector’s capacity utilization rate for the week ending May 16 hit 52.7%, U.S. Steel announced an iron ore sales agreement and the United States International Trade Commission (USITC) is holding a five-year sunset review of duties on oil country tubular goods from several countries.
Fed’s industrial production index posts largest drop in 101-year history
The COVID-19 pandemic continues to wreak havoc on economic activity around the world. That impact was particularly noticeable on the U.S. industrial sector last month.
This Morning in Metals: EIA estimates fuel inventory to build by 11.5M b/d in Q2
This morning in metals news, the Energy Information Administration (EIA) released fuel inventory build projections for Q2, Mexico is preparing to ease its coronavirus restrictions and the U.S. recently announced a move targeting China’s Huawei’s.
This Morning in Metals: LME copper surges to start the week
This morning in metals news, the copper price jumped Monday, Germany’s Thyssenkrupp is reportedly in talks to consolidate its loss-making steel business and the Oyu Tolgoi copper-gold mine needs $1.5 billion in capital costs.
Week in Review: Aluminum tariffs; oil prices; Indian iron ore exports
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of: copper prices, the automotive sector’s push to restart production, oil prices and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights […]
This Morning in Metals: Copper headed for weekly price drop
This morning in metals news, copper prices were up Friday but expected to be down for the week, Rusal says the aluminum market recovery could stretch into next year and JW Aluminum’s CEO weighed in on potential impacts of the COVID-19 pandemic on U.S. businesses’ sourcing strategy.
Renewables/GOES MMI: First Cobalt releases positive feasibility study for North American cobalt plant
The Renewables Monthly Metals Index (MMI) fell 1.0% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) First Cobalt, Glencore to open North American cobalt supply plant Canadian firm First Cobalt and miner Glencore plan to bring a new cobalt plant to North America, one that will supply the electric vehicle sector, the […]
This Morning in Metals: E.U. could slap anti-dumping tariffs on Turkish steel
This morning in metals news, the E.U. could slap new duties on steel imported from Turkey, Australian energy exports to China have surged and union representatives questioned Alcoa’s efforts to keep its Ferndale, Washington smelter running.
Stainless MMI: Index ticks up 4.8% as demand in China begins to recover
The Stainless Monthly Metals Index (MMI) rose 4.8% this month.