This morning in metals news, Vale’s resumption of activities boosted its iron ore production to its highest level in nine months, ArcelorMittal released its second-quarter financial results and a U.S. judge blocked a planned copper project in Arizona. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Vale Production Surges in […]
Category: Commodities
Have We Already Reached Peak Iron Ore?
Copper has been buffeted by macroeconomic and political news, suffering from trade tensions and fear of slowing growth in top consumer China. Conversely, iron ore has been trading at recent five-year highs this month, topping U.S. $130/ton amid reports of tight supply and robust demand. (We wrote last week about the apparent disparity between copper […]
This Morning in Metals: Nickel Prices Fall on the Heels of Earlier Surge
This morning in metals news, the nickel price rally appears to have lost some steam, iron ore prices have started to come back down to earth and a Chinese company pulls out of the bidding for British Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nickel Price Slides After […]
Week in Review: Trump’s Executive Order, Oyu Tolgoi and Housing Starts
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 In case you missed it, the July 2019 MMI report was released last week. Zinc and lead […]
This Morning in Metals: Colombia Aims to Enter the Copper Market
This morning in metals news, Colombia could look to make itself a factor in the copper market, Aus Tin announced that it had begun the first phase of its Taronga tin project and Rio Tinto announced its Q2 2019 production results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Colombia […]
This Morning in Metals: BHP Forecasts Increase in Copper Production
This morning in metals news, BHP forecasts increases in copper and iron ore production, Alcoa released its second quarter financial results and ArcelorMittal USA is asking its suppliers to cut costs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper and Iron Ore Miner BHP Billiton forecast an increase in […]
This Morning in Metals: USTR Criticizes WTO Appellate Court Ruling on China
This morning in metals news, the United States Trade Representative USTR once again dished up criticism of the World Trade Organization’s (WTO) Appellate Court, China aims to mitigate the impact of rising iron ore prices on its steelmakers and India’s steel exports have plunged over the last year. Need buying strategies for steel? Request your […]
This Morning in Metals: Trump to Sign Order Raising Steel Content Threshold for Federal Projects
This morning in metals news, President Donald Trump is expected to sign an executive order calling for heightened steel content thresholds for federal projects, Japanese firm Nippon Steel is planning to offload $1.9 billion in assets in order to purchase India’s Essar Steel and Chinese iron ore prices are getting a boost from a positive […]
This Morning in Metals: China’s Copper Imports, Imports of U.S. Goods Decline
This morning in metals news, China’s copper import levels fell in June, the U.S.-China trade war saw China’s imports of U.S. goods plunge in June and BHP has long-term designs on mine expansion over the next century. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Copper Imports Fall Imports […]
This Morning in Metals: Department of Commerce Announces Circumvention Rulings on Vietnamese Steel
This morning in metals news, the Department of Commerce made preliminary affirmative determinations with respect to imports of steel from Vietnam, iron ore is powering Australia’s trade surplus and copper slipped for the second straight session. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DOC Issues Circumvention Rulings The Department […]