The Renewables Monthly Metals Index (MMI) fell two points this month, down to a November MMI reading of 101.Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Cobalt Mining According to the head of commodities trader Trafigura, unregulated cobalt mining cannot be “wished away,” the Financial Times reported last month.In 2017, nearly […]
Lisa Reisman
Rare Earths MMI: China Denies Reports of Rare Earth Output Cuts
The Rare Earths Monthly Metals Index (MMI) held flat this month, again hitting an MMI reading of 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Denies Report it is Limiting Rare Earth Output China’s dominance in the rare earths sector is well-documented. The country’s sway in the market is […]
Construction MMI: U.S. Construction Spending Flat in September
The Construction Monthly Metals Index (MMI) dropped one point this month, down to a November MMI reading of 89. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending The U.S. Census Bureau released data late last week on construction spending for September, showing spending held flat from the previous […]
This Morning in Metals: Rusal Reports 3Q Earnings Up 42%
This morning in metals news, Russian aluminum giant Rusal had a big third quarter, Vale announced an iron ore supply deal with Emirates Steel and British Steel is potentially looking to make an acquisition in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Rusal 3Q Earnings Up 42% Russian […]
Automotive MMI: Automakers See Average Transaction Price Surge
The Automotive Monthly Metals Index (MMI) fell 2.1% this month, down to an MMI reading of 94 for November. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales It’s quarterly earnings reports season once again. Last week, General Motors reported its third-quarter earnings, posting third-quarter revenue of $38.5 billion, up 6.4% […]
Week in Review: Global Steel Production, M&A Activity and the Dollar’s Strength
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 Global crude steel production jumped 4.4% year over year in September. A recent PwC report overviews M&A […]
This Morning in Metals: Two Chinese Economists Critical of Country’s Economic Model
This morning in metals news, two prominent Chinese economists have been publicly critical of China’s economic model, the U.S. Department of Commerce has launched an audit of tariff waivers received by companies, China’s steel demand appears to be a boon for the Indian iron ore sector and U.S. Steel shares dipped after hours Thursday following […]
This Morning in Metals: U.S. Steel Imports Down 26% in September
This morning in metals, U.S. imports of steel are down by 26%, metal prices have gotten a boost from a softer dollar and ArcelorMittal reported its third-quarter results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steel Imports in the U.S. U.S. imports of steel were down 26% in September […]
General Motors Reports 3Q Income of $3.5B
Automaker General Motors shared news of a strong third quarter Wednesday when the company released its third-quarter financial results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our third-quarter performance demonstrates our determination to manage risks and deliver strong business results while continuing to advance the future of mobility,” Chairman […]
Chinese Ambassador Appeals to ‘Better Angels’ in Ongoing U.S.-China Trade Row
As the prospect of an additional $257 billion in tariffs on Chinese goods looms, China’s ambassador to the U.S. said the countries should look to their “better angels” to guide them toward a resolution of their trade dispute, the state-run Xinhua News Agency reported. Need buying strategies for steel? Request your two-month free trial of […]
