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 […]
Category: Automotive
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 […]
ACEA: COVID, buyer confidence strike E.U.’s 2020 passenger vehicle registrations
New passenger automobile registrations in the European Union fell by almost a quarter in 2020, due directly to the COVID-19 pandemic, the European Automobile Manufacturers Association (ACEA) said. “Indeed, containment measures – including full‐scale lockdowns and other restrictions throughout the year – had an unprecedented impact on car sales across the European Union,” the Brussels-based […]
Jaguar Land Rover stops production at Midlands plant as coronavirus’ third wave hits U.K.
Although auto plants were among many industries closed in the U.K. during the first lockdown last year, closures gave companies time to prepare working environments to be safe for workers. By the end of the first lockdown, most automakers were back in at least partial production with reduced manning. Auto sales have since been poor, […]
Week in Review: January 2021 MMI is out; what’s in store for iron ore?; Oyu Tolgoi expansion faces pushback
Before we head into the weekend, let’s take a quick look back at the week that was and the metals storylines here on MetalMiner, including the release of the January 2021 MMI, a look at what might happen to the iron ore price and much more. Inauguration Day draws near for President-elect Joe Biden, leaving […]
Global Precious MMI: Gold price retraces, palladium outlook strong
The Global Precious Monthly Metals Index (MMI) gained 5.3% for this month’s index value, as the gold price surged to start the year but couldn’t hold onto those gains. Get social with us. Follow MetalMiner on LinkedIn. Gold price ups and downs Amid ongoing economic uncertainty, a falling dollar and the coronavirus pandemic, many market watchers […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 75.4%
This morning in metals news: U.S. steel capacity utilization reached 75.4% for the week ending Jan. 9; General Motors announced the launch of BrightDrop; and Rusal America announced a new line of aluminum additive manufacturing powders. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups […]
U.K.’s electric vehicle supply chain needs an electrifying jolt
Automotive producers the world over are facing challenges, but the U.K. automotive industry is arguably in the most challenging environment of all. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. U.K. automotive sector faces headwinds Over the last year, COVID-19 restrictions have closed showrooms. Furthermore, […]