Readers of a recent Financial Times article reporting the opposition of major primary aluminum producers Norsk Hydro and Hindalco Industries to the LME’s proposed “green aluminum” contract may feel the primary producers are swimming against the tide of history. Aluminium is a core material needed for increasing efficiency and lowering carbon dioxide emissions by reducing […]
Stuart Burns
Europe goes back into lockdowns, growth forecast to collapse — again
Global stock markets took a battering last week. Investors finally woke up to the resurgence of COVID infections in Europe and the series of national lockdowns. British Prime Minister Boris Johnson announced a one-month lockdown over the weekend. The U.K.’s lockdown adds to those already in place in the other parts of the U.K. and […]
Aluminum can market fizzes amid struggle to meet surging demand
Aerospace may be down, automotive is coming back, albeit going through immense change from internal combustion engine (ICE) to electric vehicles (EVs), but one sector of the aluminum market that is brewing up a storm is the aluminum can market. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our […]
Goldman Sachs bullish for commodities in 2021
Goldman Sachs came out with a bullish report to investors last week predicting a surge in the price of commodities over the 2021-2025 period, Reuters reported. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be […]
Authentic gold from the Scottish Highlands
People have mined, refined and valued gold since Mesopotamian times, with records of early gold jewelry from 2600 BCE — but what about gold from the Scottish Highlands? Anyone who has seen images of Egyptian Pharaoh Tutankhamun’s tomb created almost entirely of gold in 1223 BCE can only wonder at the volumes of gold that […]
Copper price rises to over two-year high — is the surge fizz or substance?
The copper price breached $7,000 per ton this week, reaching $7,034 per ton on the LME — the highest level since June 2018. What does this tell us? Is demand robust and supply constrained? The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors […]
Bolivia pivots back to socialism — what does that hold for resource extraction?
What does Bolivia’s socialist Movimiento al Socialismo (Mas) party’s return to power mean for the country’s resource exploitation prospects? The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021 […]
Liberty Steel pushes for the big league with Thyssenkrupp offer
Sanjeev Gupta’s GFG Alliance and, in particular, its steel and aluminum subsidiary Liberty Steel, is rarely out of the news, it seems. The firm’s insatiable appetite for bankrupt or struggling metals assets has the market split. One the one hand, boosters are cheering its entrepreneurial spirit. On the other, naysayers are questioning the opaque funding […]
U.S. ups the ante in Boeing-Airbus subsidy saga
Airbus and Boeing — or, more reasonably, Brussels and Washington — are still at it, haggling over subsidies both sides have received over the decades. The action and counteractions, originally started by the U.S. to stem what it saw as a rising European rival to Boeing’s dominance, has been rumbling on for 16 years. Both […]
What does China’s environment pledge mean for its massive steel sector?
According to the Financial Times, China’s President Xi Jinping surprised the global community by announcing last month a hugely ambitious plan to improve China’s environment and make the country carbon-neutral by 2060. In addition, he said the country’s emissions would peak before 2030. But does this really mean anything? If it does, what impact will […]
