After an initial media lovefest over the announcement that America and the European Union had reached an agreement to “… work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods” — reached during a surprisingly short meeting last week between President Donald Trump and Jean-Claude Juncker, the European Commission president, […]
Stuart Burns
Aleris Finds a Buyer in India After Failing to Find an Acquirer in China
China Zhongwang Holdings failed to close a deal to buy Aleris last year after concerns were raised about the national security and corporate responsibility track record of the Chinese group. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Not that we think of Novelis as Indian, but they are. Since 2007, the ex-Alcan […]
The Disconnect Between Iron Ore and Finished Steel Prices in China
We had a little mythbusting discussion the other day here at MetalMiner®, including, among other examples, that tracking raw material inputs is no predictor of finished product prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Take, for example, iron ore. Prices fell this spring and have been bouncing around either […]
Indian Economy Surges But Questions Remain About the Rise’s Longevity
India is booming, the Indians would claim — and who could deny they are doing well? Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The economy grew at 7.7% from January through March, expanding gross domestic product (GDP) to $2.6 trillion, eclipsing France to become the world’s sixth-largest economy. But while […]
Australia is the Bellwether of China’s Economic Growth (Not Copper)
Stock markets in the West react to peaks and troughs on the Shanghai stock market as if the market were a true indicator of the health of the Chinese economy. Shanghai has been down since talk of sanctions has spooked markets in China, Europe and the U.S. Need buying strategies for steel in 2018? MetalMiner’s […]
LME Aluminum Price May Appear to be in Bear Territory … But Not Yet
Falling aluminum prices over the last month have given rise to some asking if aluminum is now on a prolonged downward trend. Tempting as it is to look at day-to-day movements, a more holistic analysis suggests otherwise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As a recent Reuters article suggests, […]
LME Launches New Pricing Model to Attract Smaller Users, Investors
A London Metal Exchange press release this week announced the exchange’s introduction of a new pricing option on its electronic trading platform, LMEselect. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Following feedback from the LME’s 2017 consultation exercise, the exchange has extended the implied pricing mechanism already in operation on […]
Is the LME Warehouse System in Crisis?
Never let it be said that metals markets are not dynamic (and I am not talking about metals prices). Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After the financial crisis, the one area of the market that was making money was the stock and trade financiers, plus the warehouse companies […]
Wind Blows Away the Opposition in the Energy Market
Who would have thought wind’s transformation from subsidy-supported to self-financing power source would happen so quickly – not this publication, that’s for sure. Apart from diehard environmentalists, most consumers have been opposed to renewables on the basis they cost significantly more and turbines are an eyesore on the landscape. Need buying strategies for steel? Try […]
Iron Ore Prices Begin to Ease After Period of Oversupply
The collapse of iron ore prices in the face of oversupply has been threatened for the last few years. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Following massive investments in Australia and Brazil, oversupply was expected to hit dwindling demand on the back of a cooling Chinese property market and […]
