Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of: U.S. housing starts; aluminum mills taking steps to make their operations more green; iron ore prices; and the European steel sector. Looking for metal price forecasting and […]
Category: Commodities
Finally, gravity is reasserting itself on iron ore prices
Just as we were about to go to press with an article on the surprising resilience of seaborne iron ore and coking coal prices in Asia, the market in Asia closed yesterday with heavy falls – they beat us to it. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
MetalMiner’s pop-up webinar overviews coronavirus, oil price impacts
How will the coronavirus outbreak and oil price volatility impact metal prices in 2020 and how can industrial metal buying organizations be prepared for what’s ahead? Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! This past Friday, the MetalMiner team hosted a pop-up webinar on that […]
This Morning in Metals: Turkey launches WTO dispute over E.U.’s steel safeguard
This morning in metals news, Turkey has objected to the E.U.’s steel safeguards at the World Trade Organization (WTO) level, copper prices continue to plummet and Chinese iron ore prices took heavy losses Monday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Week in Review: Coronavirus impacts; precious metals plunge; ‘negative oil’
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including: the coronavirus outbreak’s impact on share prices and commodities prices; a look back at Norsk Hydro’s 2019; precious metals prices’ plunge; Moody’s releases a coronavirus heat map; and “negative […]
Outlandish as it may sound, talk of negative oil prices has a message
Various reports hit the news feeds today quoting a deliberately headline-grabbing statement by Paul Sankey, managing director at Mizuho Securities, in which he is reported as saying, “Oil prices can go negative.” MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. That is, they […]
This Morning in Metals: U.S. closing border with Canada to ‘non-essential traffic’
This morning in metals news, President Donald Trump announced the U.S. and Canada have mutually agreed to close their shared border to non-essential traffic, Indian steel stocks have gotten a boost this week and Chinese iron ore futures made gains. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
Week in Review: COVID-19 impacts; Trump’s travel suspension; cobalt mine production
Before we head into the weekend, let’s take a look back at the week that was and some of the coverage here on MetalMiner, including: Tesla’s reported interest in cobalt-free batteries; the oil price crash; falling aluminum prices; supply-chain challenges amid the COVID-19 outbreak; Trump’s travel suspension; and global cobalt mine production: Looking for metal […]
Winners and losers from the oil price crash
The initial reaction to the collapse in oil prices this week, initiated by Saudi Arabia’s unilateral declaration that it would open the spigots and flood the market with oil while simultaneously heavily discounting prices, was followed by optimism in some quarters. That optimism came with the thought that lower oil prices would aid economies struggling […]
First a stock market crash, then an oil price crash as Saudi Arabia, Russia butt heads
The current plunge in the oil price has less to do with the coronavirus than it does with power politics. Oil prices crashed by the most in 29 years Sunday night, The Telegraph reported this morning, as Saudi Arabia announced its deal with OPEC+ to limit production was dead in the water. Instead, the kingdom […]