This morning in metals news, U.S.-E.U. trade tensions are again at the forefront with President Donald Trump’s recent threats at the World Economic Forum in Davos, a Chinese firm has purchased British steel trader Stemcor and Brazil’s Vale is off to a slow start this year. Looking for metal price forecasting and data analysis in […]
Category: Commodities
Census Bureau, HUD: December housing starts up 16.9%, highest since 2007
December proved to be a fruitful month for U.S. housing starts, which reached their highest level since 2007. The new data came the same day the Federal Reserve reported manufacturing production had ticked up slightly in December. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Housing […]
Indian mining sector breathes sigh of relief after government amends mining law
Steel companies and mining companies in India have heaved a sigh of relief after the federal government amended the prevailing mining law to permit the “seamless transfer” of regulatory approvals to new owners of operational iron ore mines, the Economic Times reported. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
January MMI Report: Steel prices rise, copper gains capped by demand concerns
The January 2020 Monthly Metals Index (MMI) report is in the books, including coverage of rising steel prices, U.S. automotive sales, construction spending and much more. This month, all 10 of the MMIs increased. The GOES, Rare Earths and Global Precious MMIs were the biggest risers, surging by 19.1%, 5.3% and 4.5%, respectively. Keep up to […]
Don’t count on a commodities bear market forever
The inverse relationship between the strength of the U.S. dollar and the price of commodities has held good over time. That relationship isn’t a constant, of course. Political, economic or supply-demand fundamentals can trump dollar strength at times of stress. However, as a broad measure, it can impact prices day to day, week to week […]
Week in Review: U.S. auto sales, aluminum prices and U.S.-Iran tensions
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: a natural gas transit deal between Russia and Ukraine; aluminum prices; the impact of escalating U.S.-Iran tensions on oil prices; and the copper demand picture. Looking for metal price […]
Oil price spikes, then retreats after assassination of top Iranian general — but what’s next?
The assassination of Iranian top military official Qassem Soleimani outside Baghdad airport last week caused a near 4% surge in oil prices and a drop in share prices as investors took fright at the prospect of an all-out war between the U.S. and Iran. Not long after, however, oil prices retreated over 4% to below […]
This Morning in Metals: Senate committee approval moves USMCA one step closer to ratification
This morning in metals news, the United States-Mexico-Canada Agreement (USMCA) received a bipartisan push from the Senate Finance Committee, average retail gasoline prices in 2019 were down compared with the previous year and iron ore futures in China reached an over five-month high. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Russia, Ukraine reach new agreement on natural gas transmission
In the short term, a new five-year gas transit agreement between Russia and Ukraine, agreed just 12 days before the current agreement is to expire, is good news for Europe, Russia and Ukraine — a rare example of pragmatism and compromise in today’s winner-takes-all approach to diplomacy. Looking for metal price forecasting and data analysis […]
Week in Review: 2019 in review, aluminum production and steel production
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: Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! We took a look back at some of the top steel-centric posts of […]