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: Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Week of Sept. 27-Oct. 1 Automakers see 2022 steel price […]
JP Morris
This Morning in Metals: China problems weaken London copper price; Sigma Broking to join LME ring; Monthly Metal Outlook comes out today
This morning in metals news: Events in China are affecting the copper market; the London Metals Exchange may get a new member to its ring, the influential trading group that may be facing more changes itself; and look for our MMO today. Are you under pressure to generate steel cost savings? Make sure you are […]
This Morning in Metals: $2 trillion in infrastructure, green policies seen as boon for metals; Why China is binging on aluminum imports
In the coming months, metal prices could be buoyed by policies of the next U.S. presidential administration, Reuters reports. President-elect Joe Biden plans to spend $2 trillion on infrastructure and promote green policies, which require the use of more batteries and solar panels — both of which rely heavily on metals. MetalMiner should-cost models: Give […]
This Morning in Metals: Glencore CEO to retire, successor named; How China outmaneuvered the U.S. on mining
The global mining and trading business Glencore will get new leadership next year, with the firm announcing Friday that CEO Ivan Glasenberg will retire and that Gary Nagle, a senior deputy overseeing coal industrial assets, will succeed him, the Wall Street Journal reports. Are you prepared for your annual aluminum contract negotiations? Be sure to […]
Week in Review: Aluminum MMI focuses on sky-high prices; China topping a billion tons in steel output; Copper’s bull run
This edition of week in review will also include a preview. MetalMiner’s Monthly Metals Index kicked off Thursday with a look at aluminum, and the MMI series will continue with an examination of developments in the copper market on Monday, with posts about steel, construction, automobiles and other MMI topics to follow. Check if your […]
This Morning in Metals: BHP says copper output must double in 30 years; Iron ore prices set to rise; Upswing for tin demand?
Demand for copper and the move toward low-carbon economies will require that copper output double in the next 30 years, said BHP’s Tariq Salaria, vice president for sales and marketing. “Decarbonization and electrification are the main drivers for the future of metals commodities, delivering on the commitment of moves toward a low-carbon economy,” Salaria said […]
This Morning in Metals: Copper prices ease after peak; Chile sees mixed copper output; Vale targets more iron ore, safety
After peaking Tuesday, copper prices eased up Wednesday as profit-taking was spurred by a higher dollar, demand in China and upbeat news about COVID-19 vaccines, Reuters said. LME copper fell to $7,623/mt Wednesday after hitting $7,743/mt Tuesday, the highest since March 2013 and a gain of nearly 25% this year, Reuters reports. “Funds are taking […]
This Morning in Metals: Copper prices hit 7-year peak; U.S. factories grow, but slower; U.S. construction spending rises
On Tuesday, copper prices hit their highest point since 2013, driven by fast-expanding manufacturing activity in Europe and China — as well as by news that viable coronavirus vaccines are coming, Reuters reports. Benchmark copper on the London Metal Exchange (LME) peaked today at $7,723/mt before lowering to around $7,715.50/mt., said Reuters, which reported that […]
This Morning in Metals: Gold signals changes in COVID era; China manufacturing expands; GM curbs deal with start-up Nikola
. Gold signals changes in COVID climate Two developments with gold signal changes in the coronavirus era, according to Reuters. Gold prices are coming down on news of possible COVID-19 vaccines, and gold futures in the U.S. are seeing lower costs for rolling over those contracts, an indication that trading may be normalizing amid the […]
This Morning in Metals: U.S. aluminum sheet tariff targets countries besides China; Hurricane hampers oil, gas; Caterpillar targets driverless machinery for COVID era
U.S. adds aluminum sheet tariffs to 18 countries The U.S. is imposing tariffs on aluminum sheet imports from array of countries that the Commerce Department sees as trying to exploit the lack of Chinese aluminum in the U.S. market after tariffs were placed on it in 2018, according to USAToday. The tariffs “will range […]
