This morning in metals news, Brazilian miner Vale SA reported its Q1 2019 production totals, ArcelorMittal is idling mills in Europe and U.S. Rep. Betty McCollum questioned Interior Secretary David Bernhardt regarding plans to advance copper-nickel mining in northeastern Minnesota. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Vale SA […]
Lisa Reisman
Rare Earths MMI: Lynas License Renewal Saga in Malaysia Continues
The Rare Earths Monthly Metals Index (MMI) held flat this month for a May value of 19. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Lynas Saga Continues in Malaysia As we’ve noted in previous installments of the Rare Earths MMI, Australian rare earths miner Lynas Corp. continues to deal with regulatory […]
Copper MMI: Copper Price Stuck in Sideways Trend
The Copper Monthly Metal Index (MMI) dropped slightly this month, from 79 last month to an index value of 78 for May. Mild price decreases of less than 1% hit nearly all the prices in the index, with the exception of the Japanese copper cash price (which increased by less than 0.5%). Need buying strategies […]
This Morning in Metals: U.S. Steel Capacity Utilization Rate Reaches 81.7%
This morning in metals news, steel production for the year through May 4 reached 33.7 million tons, Japan’s March steel exports jumped and Dalian iron ore futures made gains on supply concerns. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Production According to the American Iron and Steel […]
Aluminum MMI: Aluminum Prices Fall Despite Global Supply Deficit
The May Aluminum Monthly Metals Index (MMI) held flat at 88 for the third month running, with gains in Chinese aluminum prices negated by weak LME prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME aluminum prices trended downward throughout April, down to recent January 2019 lows. However, prices […]
Construction MMI: U.S. Construction Spending in March Drops 0.8% Year Over Year
The Construction Monthly Metals Index (MMI) gained one point for a May reading of 84. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending According to the U.S. Census Bureau, U.S. construction spending during March 2019 came in at an estimated seasonally adjusted annual rate of $1,282.2 billion, or […]
This Morning in Metals: Trump Threatens to Impose Additional $325B in Tariffs on China
This morning in the metals news, President Donald Trump threatened to impose an additional $325 billion worth of tariffs on imports from China, SHFE steel futures are down on pessimistic news from this latest round of U.S.-China trade talks and doubts are growing about the Thyssenkrupp–Tata Steel joint venture proposal. Need buying strategies for steel? […]
Automotive MMI: Auto Sales Continued to Trend Downward in April
The Automotive Monthly Metals Index (MMI) dropped two points this month, down to a reading of 91 for May. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors and Ford Motor Co. have turned to a quarterly sales reporting schedule, moving away from the traditional monthly reporting […]
Week in Review: Copper and Steel Production, Section 301, and NASA
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The International Copper Study Group released January copper production figures. The World Steel Association reported global crude […]
This Morning in Metals: Aluminum Association Says Quotas are ‘Bad Deal’ for American Workers
This morning in metals news, the Aluminum Association released a report panning aluminum import quotas, Republican senators urged President Donald Trump not to impose tariffs on imported automobiles and U.S. automotive sector layoffs in 2019 have surged. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Association Comes in Against […]