This morning in metals news: new-vehicle retail sales are on pace to hit their highest total ever for the month of May, according to J.D. Power and LMC Automotive; meanwhile, new orders for manufactured durable goods declined in April after 11 straight months of gains; and, lastly, LME aluminum has backtracked over the last two-plus […]
Category: Automotive
This Morning in Metals: MetalMiner webinar to cover allocation markets, signs buyers should monitor
This morning in metals news: an upcoming MetalMiner webinar will cover the signs metals buyers should look out for when assessing when allocation markets might be coming to an end; meanwhile, Ford Motor Co. took home a prize for advanced high-strength steel innovations; and, lastly, steel prices continue to rise. The MetalMiner Best Practice Library […]
Week in Review: Another commodities supercycle?; rising battery demand; European hot rolled coil prices
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including whether or not we are in a supercycle, rising EV demand and more: MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and […]
Automotive MMI: US auto sales robust in April
The Automotive Monthly Metals Index (MMI) jumped by 8.1% for this month’s value, as US auto sales showed strength in April. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. US auto sales continue to show strength Automakers posted solid US sales results in April, even as the […]
This Morning in Metals: US steel capacity utilization rises to 78.7%
This morning in metals news: US steel capacity utilization picked up to 78.7% last week; the US Census Bureau reported US goods and services trade figures for March; and Ford released its April sales totals. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals […]
As electric vehicles continue to surge, cobalt prices also rise
The prospect of buying an electric vehicle (EV) may fill you with anxiety. That is, range anxiety, charging point anxiety, reliability anxiety and resale anxiety. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Sales rise despite electric vehicle anxieties […]
Week in Review: Global steel production rises; record April for auto sales; China aluminum imports remain elevated
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including rising global crude steel production, automotive sector developments and much more: You want more MetalMiner on your terms. Sign up for weekly email updates. Week of April 26-30 (global steel production, […]
This Morning in Metals: General Motors’ Ultium Charge 360 seeks to ease charging experience
This morning in metals news: General Motors announced details of Ultium 360, which it says will simplify the charging experience for EV owners; meanwhile, Canadian miner Teck Resources released its Q1 2021 results on Wednesday; and, lastly, nearly 30% of the US population has been fully vaccinated. Sign up today for Gunpowder, MetalMiner’s free, biweekly […]
J.D. Power, LMC Automotive: US new-vehicle retail sales headed for record April
According to a joint forecast released by J.D. Power and LMC Automotive, US new-vehicle retail sales in April 2021 are headed for the highest number ever recorded for that month. The news will be some consolation to automakers, who have struggled with a semiconductor shortage. As a result of the shortage, General Motors, Ford, Stellantis, […]
This Morning in Metals: Ford announces global battery center dubbed Ford Ion Park
This morning in metals news: Ford Motor Co. announced its new global battery center called Ford Ion Park; meanwhile, OPEC nations met via teleconference on Tuesday; and, lastly, the US goods trade deficit rose by 4% in March. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
