Automaker Toyota last week announced a push to increase its previous investment pledge in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Last week the automaker announced it would up a 2017 pledge to invest $10 billion in the U.S. over five years, increasing the investment up to $13 […]
Value of Raw Mineral Materials Produced by U.S. Mines Increases 3% in 2018
According to a recent report from the U.S. Geological Survey (USGS), U.S. mines churned out $82.8 billion worth of minerals in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The 2018 total marked a 3% year-over-year increase from $79.7 billion in 2017, according to the report from the USGS National […]
Week in Review: Palladium Power, Lynas’ Appeal and ArcelorMittal’s Essar Plan
Before we head into the weekend, let’s take a look 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 palladium price continues to soar, MetalMiner’s Taras Berezowsky explained in this month’s Global Precious MMI. Rare earths […]
This Morning in Metals: China Iron Ore Futures Make Gains
This morning in metals news, China iron ore futures hit a two-week high, the Office of the United States Trade Representative (USTR) announced the first consultations under the revised U.S.-Korea Free Trade Agreement (KORUS) and hot-rolled coil inventories in China dipped for a third straight week. Need buying strategies for steel? Request your two-month free […]
ITA: Global Tin Use Exceeded Expectations in 2018
According to a recent International Tin Association (ITA) report, global tin consumption bested expectations last year, despite trade headwinds created by tensions between the U.S. and China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Tin consumption in 2018 was stronger than previously anticipated, according to year-end data,” the ITA […]
This Morning in Metals: LME Steel Contract Launch Could be Delayed
This morning in metals news, Reuters reports the launch of the London Metal Exchange’s planned steel contract will likely be pushed back to 2020, China’s average daily steel output in January and February increased, and India’s imports of iron ore were up 157% during the April-December 2018 period. Need buying strategies for steel? Request your […]
The March MMI Report: Six of 10 Subindexes on the Rise
The March 2019 Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was another month of upward movement for a majority of the MMI subindexes. After a sluggish close to 2018, six of 10 subindexes moved up for the March MMI, The […]
This Morning in Metals: U.S. Working on Solution to Lift Metals Tariffs on Canada, Mexico
This morning in metals news, U.S. Trade Representative Robert Lighthizer on Tuesday said the U.S. is working on a “practical solution” to lift the steel and aluminum tariffs on Canada and Mexico, China is expected to have a 2.65-million-ton copper deficit this year, and a preliminary report on iron ore miner BHP’s train derailment in […]
Renewables MMI: Startup Backed by Billionaires Aims to Find New Cobalt Sources
The Renewables Monthly Metals Index (MMI) fell one point this month for an MMI reading of 103. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Hunt for Cobalt As noted routinely in this installment of the MMI series, cobalt is a coveted material for its use in a wide variety […]
This Morning in Metals: Canada Announces $100M in Funding for Steel, Aluminum Industries
This morning in metals news, the Canadian government announced it is rolling out $100 million in funding for its domestic steel and aluminum industries, copper moves toward a seven-month high, and Vietnam’s steel exports to the U.S. increased in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Canadian Steel, […]