Few would have predicted this five years ago, but India is facing a real dilemma. It is exacerbated by the country’s predilection for subsidies and set against the backdrop of a chronic power generation landscape. As any regular traveler to India will know, while power outages are not as common as they once were, they […]
Stuart Burns
Is the Dollar’s Run Nearing an End?
The dollar has been on a tear this year, boosted by a large corporate tax cut, a hawkish Fed and the imposition of import tariffs, the Financial Times suggests. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook These policy interventions were specifically designed to help Republicans in November’s midterm election, […]
Rusal Back in U.S.’s Good Books, But Oligarch Oleg Deripaska Stays Out in the Cold
Well, that was something and nothing, wasn’t it? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The non-event of the month was the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announcement this week of its intention to end sanctions on En+ Group plc, UC Rusal plc, and JSC […]
Palladium is the New Gold
After surging more than 50% in the last four months, palladium — that previously little-discussed Platinum Group Metal (PGM) — reached $1,255.12/ounce, surpassing gold for the first time in 16 years last week, according to The New York Times. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Driven by both […]
Is Iron Ore Heading for Further Falls?
With all this talk of trade wars and weakness, both on the Shanghai stock market and in the Chinese currency, you would expect that steel production in China would be heading south fast. In actual fact, steel mills continue to churn out product at near-record levels and imports of iron ore remain robust. Need buying […]
Chinese Aluminum Exports Impact More Than Just the U.S.
We tend to view the issue of China’s excess aluminum manufacturing capacity through the simple lens of its impact on the U.S. and European markets, but comments in a recent Aluminium Insider article show that the flood of low-cost aluminum from the People’s Republic of China is having a global impact. Buying Aluminum in 2019? […]
Still Confused About Brexit? You Should Be
Ed. note: Enjoy this timely dispatch from London by MetalMiner’s Editor at Large. Not just Europe but the entire world was surprised at Britain’s decision following a referendum in 2016 to leave the EU. At the time, the media was full of the story but in the interim we have all rather switched off as […]
A Novel Approach to Predicting Price Direction
Price forecasters are always looking out for apparently unrelated factors that correlate to the price movement they are tracking. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sometimes the relationship seems bizarre. At first sight, a link between oil prices and aluminum prices appears tenuous until you consider that the […]
U.S.-China Trade Talks at G20 Thaw Icy Relations, For Now
It’s good to talk — or so the oft-quoted phrase used in the mobile phone ads would have us believe. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook And so it would seem from the market’s reaction to two meetings over the weekend. The first was a temporary truce in […]
Is General Motors Ahead of the Curve?
Judging from the howls of protest on Capitol Hill, politicians do not agree with analysts’ estimates that General Motors’ decision to shed 15% of its workforce and close seven facilities worldwide is the act of a smart first mover in an industry facing seismic changes. GM’s plans, reported in the Financial Times, are intended to […]
