This morning in metals news: Ford Motor Co. will idle production of its F-150 truck at its Dearborn plant until Sunday; the blockage of the Suez Canal by container vessel Ever Given is having a massive impact on global trade; and, lastly, the UK government is looking at all options to prevent the collapse of […]
Category: Automotive
This Morning in Metals: U.S. Steel unveils new sustainable steel product line
This morning in metals news: U.S. Steel announced it will offer a new sustainable steel product line called verdeX™; meanwhile, Intel will invest $20 billion toward two new factories to serve the “incredible global demand for semiconductor manufacturing”; and, lastly, Century Aluminum announced a power contract in South Carolina for its Mt. Holly aluminum smelter. […]
This Morning in Metals: British Steel delivers first rails to Europe under Jingye ownership
This morning in metals news: British Steel delivered its first rails to Europe under its new ownership group; meanwhile, Alcoa said it will supply low-carbon aluminum for the wheels of Audi’s first electric sports car; and, lastly, the race is on to repair a fire-damaged automotive chip factory in Japan. British Steel delivers first rails […]
Europe’s automakers rush to go electric
Most carmakers had a pretty torrid first half of 2020, with factories disrupted, show rooms closed and consumers bunkered down in their homes. Sales plummeted across Europe and North America. However, the second half of last year and, particularly, the first quarter of this year have seen carmakers’ prospects come roaring back. The move to […]
This Morning in Metals: Semiconductor shortage impacts Stellantis, Ford
This morning in metals news: the global semiconductor shortage continues to impact automotive operations; the oil price tracked back over the past week; and Katherine Tai, the recently confirmed United States Trade Representative, addressed staff on her first day in office. Semiconductor shortage hits Stellantis, Ford As we’ve noted previously, the global semiconductor shortage has […]
Week in Review: Nickel price falls; oil prices remain elevated; Honda temporarily suspends production
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines of the week here on MetalMiner, including coverage of the nickel price, oil prices, housing starts and more. Overall, steel prices continue to rise. Meanwhile, after experiencing significant price declines, lead and nickel […]
This Morning in Metals: Honda announces short-term production cuts in North America
This morning in metals news: Honda announced it will suspend most of its North American automotive production; copper has leveled off over the last couple of weeks; and service center shipments declined in February. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets […]
Week in Review: Steel capacity; February US auto sales; OPEC meets
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, which this week includes coverage of steel capacity utilization, the latest OPEC ministerial meeting and much more. Overall, most base metals seem to be retracing from a late February peak. […]
What goes up must (eventually) come down — does the old saying apply to nickel prices?
Up to this week, the nickel bull story had been roaring along. Talk of metal shortages and runaway electric vehicle (EV) and hybrid battery demand have supported that story. But one announcement has seen that bull run hit a brick wall. Nickel bull story slows News that China’s Tsingshan Holding Group has signed a one-year […]
Automotive MMI: US auto sales strong in February despite inclement weather
The Automotive Monthly Metals Index (MMI) rose by 7.1% this month, as US auto sales were strong in February. You want more MetalMiner on your terms. Sign up for weekly email updates here. US auto sales Ford Motor Co. reported its February US retail auto sales reached 163,520 vehicles, down 1.8% year over year. Ford […]
