This morning in metals news: the China Manufacturing Purchasing Managers’ Index (PMI) fell slightly from the previous month; Ford Motor Co. released its Q3 financial results; and, finally, Oslo-based Norsk Hydro recently released its Q3 financials. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]
Category: Automotive
Week in Review: Airbus-Boeing saga; industrial production; Liberty’s Thyssenkrupp bid
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, including the Airbus–Boeing subsidy saga, industrial production, Liberty Steel’s bid for German firm Thyssenkrupp’s steel division and much more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides […]
This Morning in Metals: General Motors to invest $2B to transition Tennessee plant for EVs
This morning in metals news: General Motors will invest $2 billion to transition its Tennessee plant for the production of electric vehicles (EVs); Rio Tinto announced its Q3 2020 production results; and Norsk Hydro has made a deal to merge part of its hydropower generation with that of Lyse. The MetalMiner 2021 Annual Outlook consolidates […]
This Morning in Metals: Ford’s China sales rise by greatest amount since 2016
This morning in metals news: Ford’s China sales posted their largest year-over-year increase in Q3 since 2016; overall automotive sales in China gained 12.8% year over year; and Liberty Steel Group announced it has made an offer to acquire German firm Thyssenkrupp’s steel business. Does your company have an aluminum buying strategy based on current […]
Week in Review: Auto sales; potential Section 232 aluminum exemptions; oil struggles
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, including coverage of: U.S. auto sales; potential Section 232 aluminum exemptions for the U.A.E. and Bahrain; oil majors’ struggles; and more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view […]
Automotive MMI: Despite low inventory, Q3 2020 automotive sales show improvement
The Automotive Monthly Metals Index (MMI) gained 2.2% for this month’s index value, as Q3 2020 automotive sales showcased some basis for optimism. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when […]
Week in Review: Cleveland-Cliffs’ acquisition; primary aluminum production; Hurricane Laura hits oil output
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, including: Cleveland-Cliffs’ acquisition of ArcelorMittal USA; a breakdown of the British automotive manufacturing sector’s struggles; the PSA–Fiat Chrysler merger; primary aluminum production; the U.S. steel capacity utilization rate; and Hurricane […]
MetalMiner breaks down Cleveland-Cliffs’ acquisition of ArcelorMittal USA
As we noted earlier this week, the Cleveland-Cliffs acquisition of ArcelorMittal USA came at a price tag of $1.4 billion. This comes after Cleveland-Cliffs acquired AK Steel earlier this year (among other things, AK Steel is the lone remaining U.S. producer of electrical steel). The deal includes nearly all of the ArcelorMittal subsidiary’s North American facilities […]
Automotive giants Fiat Chrysler, PSA to merge
It is not often the world’s largest carmakers engage in mergers and acquisitions among themselves. Fiat Chrysler and Renault Nissan announced a $35 billion plan to merge back in May 2019. The merger would have created the third-biggest carmaker, behind Volkswagen and Toyota. But within 10 days of the announcement, FCA pulled out and it […]
U.K. car manufacturing on the rocks
We may be coming out of the first pandemic lockdown and business does, broadly, appear to be picking up; however, but some sections of manufacturing, including U.K. car manufacturing, are still suffering badly. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving […]