This morning in metals news, the U.S. and China will ink the previously agreed “phase one” trade deal today, the United States-Mexico-Canada Agreement (USMCA) is expected to be up for a vote in the U.S. Senate soon and China’s steel mills may be looking away from higher-grade iron ores. Looking for metal price forecasting and […]
Fouad Egbaria
Renewables/GOES MMI: Major U.S. companies sued over child mining of cobalt in Africa
The Renewables Monthly Metals Index (MMI) gained two points for a January MMI reading of 98. (Editor’s Note: This report also includes analysis of grain-oriented electrical steel.) Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Several U.S. majors named in lawsuit over child mining of cobalt CBS […]
Global Precious MMI: PGMs make gains after South Africa outages
The Global Precious Monthly Metals Index, a basket of precious metals, gained five points for a January MMI reading of 110. Platinum, palladium prices rise after South Africa outages Palladium and platinum prices received a boost last month after outages at South African mines, MetalMiner’s Stuart Burns explained. “Power cuts earlier this year pushed the […]
This Morning in Metals: Ford’s China sales fall 26% in 2019
This morning in metals news, 2019 proved to be a down year for Ford Motor Company’s sales in China, Norsk Hydro plans to ramp up production of recycled aluminum this year and Rio Tinto awarded an A$400 million contract for the design of a new mine in Australia’s Pilbara. Looking for metal price forecasting and […]
Rare Earths MMI: No lanthanide concentrate processing limit extension for Lynas in Malaysia
The Rare Earths Monthly Metals Index (MMI) ticked up one point for a January reading of 20. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Malaysian regulators opt not to increase Lynas’ processing limit Lynas Corp., the largest rare earths firm outside of China, announced in December […]
Week in Review: U.S. auto sales, aluminum prices and U.S.-Iran tensions
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including: a natural gas transit deal between Russia and Ukraine; aluminum prices; the impact of escalating U.S.-Iran tensions on oil prices; and the copper demand picture. Looking for metal price […]
This Morning in Metals: Manufacturing employment falls; unemployment steady at 3.5%
This morning in metals news, the U.S. Bureau of Labor Statistics released monthly jobs data Friday, Liberty Steel Group announced it is the preferred buyer for Bayou Steel Group and U.S. November steel shipments dropped 3.1%. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Unemployment rate […]
This Morning in Metals: European Commission president says E.U.-U.K. trade deal ‘impossible’ by end of 2020
This morning in metals news, European Commission President Ursula von der Leyen said a trade deal with the U.K. will be “impossible” by the end of the year, the Chilean government won’t offer funds to help copper producer Codelco make needed upgrades and state regulators in Indiana say ArcelorMittal has been manipulating test results on […]
This Morning in Metals: Senate committee approval moves USMCA one step closer to ratification
This morning in metals news, the United States-Mexico-Canada Agreement (USMCA) received a bipartisan push from the Senate Finance Committee, average retail gasoline prices in 2019 were down compared with the previous year and iron ore futures in China reached an over five-month high. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Construction MMI: November U.S. construction spending jumps 4.1% year over year
The Construction Monthly Metals Index (MMI) picked up one point for a January MMI reading of 79. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!