This morning in metals news, U.S. construction spending dipped in the final month of 2019, China’s top electric vehicle battery maker has signed a supply deal with Tesla and Caterpillar recently reported its fourth-quarter and full-year 2019 financial results. Request a 30-minute demo of the MetalMiner Insights platform now.
Category: Automotive
Week in Review: Aluminum prices; Trump signs USMCA; Brexit hour is near
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: aluminum production and prices; Trump’s tariffs on aluminum and steel derivatives; the coronavirus’ potential impact on iron ore; General Motors’ electrification drive; and the arrival of Brexit. […]
GM to invest $2.2B to manufacture EVs at Detroit-Hamtramck assembly
General Motors announced this week it would take another step towards electrification by investing $2.2 billion in its Detroit-Hamtramck assembly, which will be the automaker’s first plant devoted 100% to the production of electric vehicles (EVs). Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The automaker […]
After lengthy House approval process, Senate swiftly approves USMCA
The successor to the 1994 North American Free Trade Agreement, dubbed the United States-Mexico-Canada Agreement (USMCA), has now made its way through both chambers of the U.S. Congress. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In December, the White House and House Democrats reached a […]
This Morning in Metals: Ford’s China sales fall 26% in 2019
This morning in metals news, 2019 proved to be a down year for Ford Motor Company’s sales in China, Norsk Hydro plans to ramp up production of recycled aluminum this year and Rio Tinto awarded an A$400 million contract for the design of a new mine in Australia’s Pilbara. Looking for metal price forecasting and […]
Automotive MMI: U.S. auto sales decline in 2019, average transaction prices rise
The Automotive Monthly Metals Index (MMI) picked up three points, rising to a January MMI reading of 89. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! U.S. auto sales General Motors reported it delivered 2.89 million vehicles in the U.S. market in 2019, up 12.7% compared with […]
The European car industry is facing a once-in-a-lifetime transformation
As if the downturn due to a trade-war-induced slowdown in China were not enough, the European automotive industry is facing the challenge of a rapid switch from diesel to petrol engines that has been gathering pace for the last two years. At the same time, the industry has also had to deal with the implementation […]
Fiat Chrysler, PSA merge to form the fourth-largest automaker in the world
In early June, automakers Fiat Chrysler and Renault looked as if they were on the verge of a 50-50 merger that would have created a $35 billion global auto giant, the No. 3 automaker in the world.
U.S. industrial production bounces back, rises 1.1% in November
Industrial production in the U.S. moved in a positive direction in November, aided in part by the end of the nationwide strike at General Motors that spanned over September-October. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the U.S. Federal Reserve’s monthly industrial production […]
Week in Review: Tariffs on Argentina, Brazil?; nickel prices slide; Saudi Aramco debuts on Riyadh exchange
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: Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Stuart Burns on President Donald Trump’s recent announcement regarding tariffs on steel and aluminum […]