This morning in metals news: auto sales in China fell by 9.4% on a year-over-year basis; meanwhile, Norsk Hydro is exploring new renewable hydrogen projects; and, lastly, ArcelorMittal reported its Q3 2021 results, including its strongest net income figure since 2008. MetalMiner has launched a full suite of precious metals as part of the MetalMiner […]
Fouad Egbaria
Rare Earths MMI: Greenland parliament vote effectively halts Kvanefjeld rare earths project
The Rare Earths Monthly Metals Index (MMI) rose by 10.4% this month. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Greenland parliament bans uranium mining, exploration Earlier this year, we touched on the snap elections in Greenland, where the victorious left-wing Inuit Ataqatigiit party ran in opposition to the promising Kvanefjeld […]
This Morning in Metals: Consumer Price Index rises 0.9% in October
This morning in metals news: the Consumer Price Index for All Urban Consumers Rose by 0.9% in October; meanwhile, U.S. steel shipments rose by 21.3% year over year in September; and, lastly, the natural gas spot price at Henry Hub averaged $5.51 per million British thermal units (MMBtu) in October. MetalMiner has launched a full […]
Construction MMI: Construction spending slips; infrastructure bill could be boon for construction sector
The Construction Monthly Metals Index (MMI) rose by 4.0% for this month’s reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. U.S. construction spending U.S. construction spending in September reached a seasonally adjusted annual rate of $1,573.6 billion, the Census Bureau reported. The September rate marked a decline […]
This Morning in Metals: US steel capacity utilization falls to 83.4%
This morning in metals news: U.S. steel capacity utilization dropped to 83.4% last week; the Associated General Contractors of America weighed in on the passage of the infrastructure bill in the House of Representatives; and, lastly, the aluminum price has continued to slump. MetalMiner has launched a full suite of precious metals as part of […]
Infrastructure bill’s passage bodes boost for metals demand
After months and months of debate, the House of Representatives on Friday voted to pass an over $1 trillion infrastructure bill to repair the country’s roads and bridges, improve the rail system, and expand clean water access, among other investments. The vote proved bipartisan, with a number of Republicans voting in favor of the bill. […]
This Morning in Metals: House passes $1.2T infrastructure bill
This morning in metals news: the House of Representative on Friday passed a $1.2 trillion infrastructure bill, sending the bill to the desk of President Joe Biden; meanwhile, the American Iron and Steel institute reacted to the infrastructure bill’s passage; and, lastly, nonfarm payroll employment rose by 531,000 in October. MetalMiner has launched a full […]
Automotive MMI: Limited inventory continues to hamper auto sales
The Automotive Monthly Metals Index (MMI) ticked up by 4.2% for this month’s reading. Make sure you are following the five best practices of sourcing aluminum. US auto sales Ford Motor Co. reported total U.S. sales of 175,918 vehicles in October. The October total sales figure marked a 4.0% year-over-year decline. Retail sales fell by 3.8% […]
Week in Review: Aluminum prices plunge; U.S., E.U. reach Section 232 deal; magnesium shortages add to supply chain woes
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. This includes a complete suite of catalytic converter precious metals, which are particularly useful […]
This Morning in Metals: Oil prices fall to four-week low
This morning in metals news: oil prices fell to their lowest since early October; Anglo American said it aims to achieve carbon-neutral shipping by 2040; and, lastly, stainless steel producer Outokumpu announced its Q3 2021 results. MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. This includes a […]
