The Renewables Monthly Metals Index (MMI) picked up a point this month, rising for an MMI reading of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DRC Declares Cobalt ‘Strategic’ Substance The Democratic Republic of the Congo (DRC) — where a majority of the world’s cobalt is mined — declared […]
Lisa Reisman
Construction MMI: Architecture Billings Growth Slows
The Construction Monthly Metals Index (MMI) fell seven points, down to a December MMI reading of 82. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending Estimated U.S construction spending in October fell 0.1% from September according to Census Bureau data, but marked a 4.9% increase from the October 2017 […]
This Morning in Metals: Teck Resources Teams Up With Sumitomo on Chilean Mine Expansion
This morning in metals news, a Canadian miner is teaming up with a Japanese company on a major mine expansion effort in Chile, the U.K. steel sector is struggling with power costs and an Illinois steel plant is on the move. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Teck […]
Automotive MMI: Politicians Pan GM Plant Closures, Workforce Reduction
The Automotive Monthly Metals Index (MMI) picked up one point for a December MMI reading of 95. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Sales General Motors reports sales numbers on a quarterly basis, rather than a monthly basis. The automaker reported sales fell 11% year over year in […]
Rio Tinto Makes First Bauxite Shipment From Amrun Mine
On Monday, miner Rio Tinto announced it had made the first shipment of bauxite from its Amrun mine in Australia, six weeks ahead of schedule. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook According to a company announcement, the $1.9 billion investment in the Amrun mine serves to replace production from the depleting […]
This Morning in Metals: U.S. Steel Production Up 5.6%
This morning in metals news, U.S. steel production through Nov. 24 was up 5.6% compared with the same period last year, copper prices fell back Tuesday and Ford’s November U.S. sales were down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Production According to a recent American Iron […]
Century Aluminum Announces Expansion at Sebree Smelter
U.S. aluminum maker Century Aluminum announced last week it plans to expand production at its smelter in Sebree, Kentucky. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Sebree smelter — one of two Century Aluminum smelters in Kentucky, the other in Hawesville — has an annual production capacity of 220,000 tons. […]
This Morning in Metals: Trump, Xi Reach Agreement to Press Pause on New Tariffs
This morning in metals news, President Donald Trump and President Xi Jinping reached an agreement that at least temporarily puts a cap on the escalation of trade tensions, Chinese steel and iron ore prices rose on the news, and Chinese copper premiums hit an 18-month low. Need buying strategies for steel? Request your two-month free […]
Companies, Industry Groups React to USMCA Signing
“USMCA” might not roll off the tongue like “NAFTA.” Nonetheless, it’s the talk of North America. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The United States-Mexico-Canada Agreement (USMCA) — the successor to the 1994 trilateral trade deal, the North American Free Trade Agreement (NAFTA) — was signed Friday by […]
Week in Review: Falling Oil Price, Steel Production and USMCA
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sohrab Darabshaw covered India’s view of the Regional Comprehensive Economic Partnership (RCEP). The oil price has plunged — […]
