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 […]
Category: Automotive
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 […]
This Morning in Metals: Section 232 Auto Tariff Decision Delayed
This morning in metals news, the May 18 deadline for the president’s decision on potential new automotive tariffs is being pushed back up to six months, Chinese iron ore futures rose to a record high and the Trump administration reversed an Obama-era pause on mining in a northeastern Minnesota wilderness area. Need buying strategies for […]
Raw Steels MMI: Prices Continue to Trend Sideways
The Raw Steel Monthly Metals Index (MMI) dropped 1.2% this month, down to an index reading of 80. Weakness in the index once again came from U.S. domestic steel prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. prices showed weakness of late with HRC, CRC, HDG and plate […]
Week in Review: Climate Change, China Tariffs and Iran Sanctions
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 Stuart Burns delved into the role of climate change and the opportunity for innovation to meet environmental […]
Automotive MMI: Auto Sales Continued to Trend Downward in April
The Automotive Monthly Metals Index (MMI) dropped two points this month, down to a reading of 91 for May. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors and Ford Motor Co. have turned to a quarterly sales reporting schedule, moving away from the traditional monthly reporting […]
