As my colleague Fouad Egbaria wrote last week, the U.S. administration’s relaxation of the timescale for implementation of sanctions against Rusal has had the effect of taking the panic out of the market. As a result, prices have fallen for several days, not just for aluminum but for other metals that the market feared could […]
Stuart Burns
Aluminum Prices Drop Sharply This Week After Announcement on Potential Easing of Sanctions
What goes up must come down, goes the old adage. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Although that adage does not always hold true, it has for aluminum this week following a change of tone from Washington. According to the Financial Times, the U.S. Treasury made two important announcements this week, […]
Best Friends Donald Trump and Saudi Arabia Are at Odds Over the Oil Price
President Donald Trump has signaled his displeasure at aspirations expressed by Saudi Arabia at a recent OPEC meeting with respect to an extension in the current supply deal between OPEC and non-OPEC members for continued supply constraints with a view to higher prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
India Increasingly Looks Eastward in Its Exports
A new report in HSBC’s Navigator series focuses on the long-term ascendancy of the Asian region as it explores both anticipated and actual trends in India’s trade patterns with its nearby neighbors. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India enjoys a balance of trade surplus in services but a […]
Aluminum Consumers Pose a Not-Unreasonable Question: How High Can Prices Go?
Higher is the simple answer. The world with the exception of China was in deficit before U.S. sanctions against Oleg Derispaska and his aluminum company Rusal. So when the three million tons of primary metal Rusal exports outside of Russia are taken out of a market already worried by the recent partial closure of Norsk […]
Trump’s Sanctions Could Hit Trade in Rusal Metal
We could love reading these murky tales about Russian businessmen and their dealings if the reality was not that some of them at least are rather too close to the truth and rather too close to home, (many of them living, as they do, at least part of their time in Western capitals). Buying Aluminum […]
Is the Hong Kong Property Market Going to be the First Casualty of Fed Tightening?
We have been far from alone in issuing periodic warnings about the implications of rising interest rates for a global debt market that is out of proportion to levels seen even before the last recession. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Fortunately, one of the first test cases has […]
A Battle Rages Between Two Rival London Black Cab Manufacturers
The fight is on in the streets of London between two rival manufacturers of the iconic London black cab. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Earlier this year the London High Court cleared an appeal made by the Chinese-owned London Electric Vehicle Company (LEVC) against British Metrocab that had […]
DRC Makes a Grab for a Larger Slice of the Pie
I guess you can’t blame countries like the Democratic Republic of Congo (DRC) for looking to acquire a bigger piece of the wealth from their own supplies of natural resources. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need The Telegraph reports that President Joseph Kabila is ripping up the […]
Africa Bucks the Trend with New Continentwide Free Trade Agreement
Just when the idea of free trade agreements (FTA) appears firmly out of vogue, 44 countries got together and signed a continentwide FTA agreement last week. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook All 55 members of the African Union (AU) were involved in the negotiations around the Continental Free […]
