After drifting off from a spring high, the nickel price has flatlined in the second quarter (along with much of the rest of the metals complex). However, the metal has put in a surprisingly strong performance in just the last week due to Indonesia’s announced export ban spooking market concerns about supply, according to the Financial Times. […]
Stuart Burns
Oyu Tolgoi Delays Challenge Rio’s Balance Sheet
It is just as well Rio Tinto is riding high on a strong iron ore price, as its copper business in Mongolia has hit a cost blowout, according to the Financial Times. Difficult ground conditions are being cited as the primary reason Rio is having to completely rethink the design and development of its underground mine […]
Trade is Still Very Much on the Agenda
That the news is all about trade makes a change for us business folks from the tittle-tattle around the private lives of politicians or celebrities, as trade is topic that actually touches all of us (whether we are immediately aware or not). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Jaguar Land Rover Takes Major Steps Toward an Electric Future
Jaguar Land Rover’s (JLR), decision to invest hundreds of millions of pounds to enable its Castle Bromwich plant in the U.K. to build electric cars, as reported by the Financial Times, is interesting on a number of levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Specifically, for JLR it underlines […]
Declining Automotive Sector Could Have Ripple Effect on U.K. Economy
When you think of the United Kingdom, you don’t normally think “automotive powerhouse.” Sure, the U.K. has a long and illustrious tradition of making some of the world’s most iconic motorcars. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Think Rolls-Royce, Bentley, Jaguar, Lotus, Morgan and, my own favorite, Aston […]
Strike at Chuquicamata Copper Mine Drives Prices Up — How Far Will They Go?
Copper appears to be caught in the crosswinds. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After months of steady declines from a peak of U.S. $6,600 per ton in April, the copper price had drifted down to well below $6,000 per ton on fears of what impact the ongoing […]
Rising Iron Ore Prices Push Some Chinese Steel Mills into the Red
Chinese steel mills are caught between the proverbial rock and a hard place. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale’s Feijao mine disaster, which […]
Are We on the Cusp of a Currency War?
During his presidency, Donald Trump has taken on friend and foe alike — often with equal vigor — if he believes some degree of unreasonable behavior has been going on to the detriment of the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The E.U. has experienced its fair […]
Gold is Benefiting from the Federal Reserve’s Jitters
Gold powering to $1,400 an ounce sounds rather optimistic, but is actually not too far from the truth. Spot gold has already gained about $80 so far this month, pushing the price this week to its highest level in more than five years. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
U.S. Midwest Premium Remains High to Consumers’ Chagrin
Aluminum base prices on the London Metal Exchange (LME) have been sliding for the last couple of months, suggesting we have a market in surplus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last […]
