This morning in metals news: Toyota will reportedly source electrical steel sheet from China’s Baowu Steel; Nevada Copper is requesting a financial hardship exemption; and iron ore continues to soar.
Category: Automotive
Week in Review: U.S.-China trade; U.S. automotive sales; LME aluminum load-out queues
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Sign up today for Gunpowder, MetalMiner’s free, weekly e-newsletter featuring news, analysis and more. MetalMiner’s Stuart Burns interviewed Stratfor’s Rodger Baker on the state of U.S.-China trade tensions. U.S. automotive sales […]
Automotive MMI: U.S. auto sales begin slow recovery but remain depressed
The Automotive Monthly Metals Index (MMI) picked up by 5.1% this month. U.S. auto sales U.S. auto sales continued to slump last month and over the second quarter overall, even as the U.S. auto sector restarted production in late May after an approximately two-month suspension. General Motors reported second-quarter deliveries of 492,489 vehicles, down 34% […]
This Morning in Metals: MetalMiner releases July Monthly Metal Buying Outlook
This morning in metals news, MetalMiner has released its July Monthly Metal Buying Outlook, the U.S. House of Representatives passed a $1.5 trillion infrastructure bill and Ford Motor Co.’s second-quarter sales were down 33.3%.
Even a pandemic can’t slow the deterioration of U.S.-E.U. trade relations
While small beer compared to the U.S.’s trade war with China, the growing dispute between Washington and Brussels over subsidies by aircraft makers is likely to develop into an escalating series of tit-for-tat measures this year.
Week in Review: Industrial production rises; Liberty Steel invests in the future; MW aluminum premium spikes
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:
Fed: U.S. industrial production rises 1.4% in May as automakers restart production
While positive coronavirus cases are on the rise in several parts of the country, industrial production bounced back in May after posting the largest monthly drop in the history of the Federal Reserve’s industrial production index in April.
Week in Review: U.S. hits wind power records; China’s semi-finished aluminum exports drop; Tesla makes cobalt deal
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:
This Morning in Metals: Ford employees could get chance to continue working remotely
This morning in metals news, thousands of Ford Motor Co. employees who have been working remotely as a result of the coronavirus pandemic might be allowed to continued doing so during the remainder of the year, Chinese coal imports dropped in May and Chinese steel rebar prices lost some ground on oversupply concerns.
Despite backdrop of ethical conundrum, Tesla goes to the Congo, Glencore for cobalt
An interesting article in the Financial Times this week explores the conundrum electric car makers have in balancing their ethical policies with the need to source critical raw materials, like cobalt, to produce the most powerful version of today’s electric vehicle (EV) batteries.