Reports that Panasonic is stepping back from its commitment to develop its Reno, Nevada Gigafactory with Tesla have the note of warning about them suggesting all is not well with Tesla or for sales of its new Model 3 batteries, which the new factory was designed to make, according to TechCrunch. But Tesla blames lowered deliveries […]
Category: Automotive
This Morning in Metals: Per ITC Analysis, USMCA Would Raise U.S. GDP by 0.35%
This morning in metals news, an analysis by the U.S. International Trade Commission digs into the details of the pending United States-Mexico-Canada Agreement (USMCA), the Congressional Research Service released a report covering economic growth levels around the world and the chairman of Chile’s Antofagasta says the green revolution will be good for copper. Need buying […]
Norsk Hydro to Increase Automotive Aluminum Capacity at Husnes Plant
Norwegian aluminum maker Norsk Hydro has recently been in the news for a cyber attack that brought much of its operations to a halt. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook More recently, however, the company turned to more positive news, announcing plans to upgrade technology at its Husnes plant to produce […]
Loophole in E.U.’s Auto Emissions Law Lets Automakers Drive Away from Fines
History abounds with examples of the E.U.’s incompetence, particularly around its lawmaking. But an absolute corker is going on this year over automotive emission targets. From 2021, the E.U.’s target for average carbon dioxide emissions from cars is 95 grams per kilometer, in an effort to force innovation in more efficient power units and to […]
Week in Review: Tropical Cyclone Veronica, the April MMO and Auto Sales
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 The European Steel Association (EUROFER) wants a mandate extension for the Global Forum on Steel Excess Capacity. […]
Automakers Face Headwinds in Rapidly Changing Automotive Marketplace
We are used to dire stories emanating from the automotive industry in Europe of late. The swing from diesel engines has hit European producers hard, as the region had been heavily biased toward the economical but historically carbon particulate polluting oil burners. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Automotive MMI: Automakers Hope to Bounce Back Down First Quarter
The Automotive Monthly Metals Index (MMI) held flat this month, again coming in for an MMI value of 93. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors, which reports sales on a quarterly basis, reported it delivered 665,840 vehicles in the first quarter of 2019, “with […]
Week in Review: Brexit Saga Continues, a Section 232 Challenge and Steel Imports
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 The prospect of a no-deal Brexit is inching closer and closer to reality. India’s steelmakers are facing an […]
GM Announces $300M Investment Toward Production of New Chevrolet EV
General Motors last week announced it is planning to invest $300 million at a southeast Michigan assembly plant that will produce a new Chevrolet electric vehicle (EV). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “We are excited to bring these jobs and this investment to the U.S.,” GM Chairman […]
Despite Poor Forward Indicators, Copper is on a Roll
There seems to be no holding copper. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The metal’s price hit an eight-month high this month, helped over the line by the Federal Reserve dropping plans for further interest rate hikes this year. But much of the rise seems to be on […]
