This morning in metals news: automaker General Motors is facing challenges related to semiconductor supply; meanwhile, Oslo-based Norsk Hydro reported its Q4 2020 financial results; and, lastly, the oil price continues to tick up. Semiconductor supply End users across sectors are dealing with material shortage challenges. The automotive sector is no different. This week, General Motors […]
Category: Automotive
Daimler to spin off trucks division, rebrand as Mercedes-Benz
Ola Källenius, boss of Mercedes-Benz owner Daimler, made some interesting comments this week, as reported in a Financial Times article. The automaker is setting an end-of-decade target for Mercedes-Benz’s profits from its electric vehicles to equal that of its internal combustion engines. Källenius fed the investor market with good news from a brand that managed […]
Week in Review: Copper retraces; USCIT rules on Section 232 steel tariff; Vale reaches $7B settlement
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, from steadier metals prices to the United States Court of International Trade’s recent ruling related to a Section 232 steel tariff challenge. Furthermore, Brazilian miner Vale reached a massive settlement two years […]
This Morning in Metals: Miner Vale reaches $7B settlement over Brumadinho disaster
This morning in metals news: Brazilian miner Vale reached a $7 billion settlement with the state of Minas Gerais two years after a fatal dam collapse; the US goods and services deficit decreased in December; and Ford Motor Co. announced an increase in its planned investment in electric and autonomous vehicles. Vale reaches $7B settlement Approximately […]
Automotive MMI: US automotive sales show strength in January
The Automotive Monthly Metals Index (MMI) ticked up 4.6% for this month’s value, as automotive sales were strong in January. US auto sales On the sales front, Honda reported its US sales fell by 9.2% in January. Sales totaled 92,225 units in the first month of the new year. Honda truck sales fell 2.2%, while […]
Week in Review: General Motors shoots for carbon neutrality by 2040; copper price cools; December US steel imports rise
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner. In sustainability news, Big 3 automaker General Motors said it intends to be carbon neutral in its operations by 2040. The automaker has also indicated it will offer 30 new all-electric models […]
This Morning in Metals: General Motors targets carbon neutrality by 2040
This morning in metals news: General Motors announced its goal for carbon neutrality; miner Anglo American released its Q4 2020 production results; and, finally, the Aluminum Association of Canada announced an update in a project related to traceability of Canadian aluminum. General Motors aims for carbon neutrality by 2040 Matching similar announcements by other major […]
This Morning in Metals: Changan Ford to manufacture Mach-E in China for local customers
This morning in metals news: Ford Motor Co. announced Changan Ford will manufacture the new all-electric Mach-E SUV in China for local customers; the U.S.’s monthly deficit declined from November to December; and U.S. steel imports fell by 21% last year. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
General Motors to invest nearly $800M to build Canadian EV manufacturing plant
U.S. automaker General Motors is making a big investment toward electrification. The automaker recently announced plans to invest nearly $800 million to build what it referred to as “Canada’s first large-scale commercial electric vehicle plant.” Drive toward electrification Much has been made of Tesla’s head start in the race toward electrification. In short, traditional automakers […]
Week in Review: LME steel contracts; Thyssenkrupp’s spinoff effort; ‘green’ aluminum
Before we head into the weekend, let’s take a look back at the week that was in metals storylines here on MetalMiner, including Stuart Burns on LME steel contracts, the green revolution in aluminum and much more. Regarding the LME steel contracts, Burns noted, “For over 200 years, the London Metal Exchange (LME) has provided […]
