Jaguar Land Rover’s (JLR), decision to invest hundreds of millions of pounds to enable its Castle Bromwich plant in the U.K. to build electric cars, as reported by the Financial Times, is interesting on a number of levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Specifically, for JLR it underlines […]
Category: Automotive
Week in Review: The U.S. Dollar, Iron Ore and MetalMiner’s Trade Resource Center
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Belinda Fuller touched on the U.S. dollar’s impact on precious metals prices. Sticking with currency issues, Stuart […]
Declining Automotive Sector Could Have Ripple Effect on U.K. Economy
When you think of the United Kingdom, you don’t normally think “automotive powerhouse.” Sure, the U.K. has a long and illustrious tradition of making some of the world’s most iconic motorcars. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Think Rolls-Royce, Bentley, Jaguar, Lotus, Morgan and, my own favorite, Aston […]
This Morning in Metals: U.S. Steel Announces Idling of Plants
This morning in metals news, U.S. Steel announced it would idle some of its facilities, China has lowered its tariff rates on countries other than the U.S. and General Motors recently announced a $150 million investment in its Flint Assembly plant. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
Week in Review: MMI Week, U.K.’s Auto Sector and E-Rickshaws
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook We wrapped up our June Monthly Metals Index (MMI) series, this week with posts on: Aluminum Copper Rare […]
This Morning in Metals: Sliding Oil Price Gets a Jolt After Suspected Tanker Attacks
This morning in metals news, the oil price could slide further, Liberty Steel made an acquisition in Pennsylvania, and the E.U. adopted binding targets for zero- and low-emission vehicles in public procurement. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Oil Price Slide After rising to around $75/barrel in April, […]
Brexit Looms Large as Autos Lead the U.K.’s GPD Slowdown
Every set of data in the U.K. prompts a surge of reports from two groups. On the one hard, there are those inclined to stay in the E.U. who assert the very prospect of Brexit is damaging the economy. On the other, there are those inclined to leave, stating it is the delay that is […]
Automotive MMI: Toyota, Fiat Chrysler Sales Rise; Overall May U.S. Sales Fall
The Automotive Monthly Metals Index (MMI) dropped five points, down to a June MMI value of 86. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Sales Fiat Chrysler’s May sales increased 2% year over year, reaching 218,702 vehicles for the month. “On a year-over-year basis we have increased our […]
Taking a Closer Look at the Platinum-Palladium Price Spread
In spite of their status as precious metals, the automotive industry accounts for a high percentage of platinum and palladium demand annually, making the pair essentially industrial metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Given that a high percentage of demand generated from the automotive industry relates to […]
Automakers Get Temporary Reprieve as Trump Delays Section 232 Auto Tariff Decision
Automakers and consumers fearing a new U.S. tariff on imported automobiles and automotive parts breathed a sigh of relief on Friday when President Donald Trump announced he would delay his decision on the matter for up to six months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The U.S. Department […]