This morning in metals news, steel imports coming into the U.S. continue to be down from last year’s levels, Shanghai steel prices are down and the sharp corrective trend in iron ore prices could be coming to an end. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Import […]
Category: Commodities
Renewables MMI: DRC to Raise Royalty Rate on Cobalt
The Renewables Monthly Metals Index (MMI) picked up a point this month, rising for an MMI reading of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DRC Declares Cobalt ‘Strategic’ Substance The Democratic Republic of the Congo (DRC) — where a majority of the world’s cobalt is mined — declared […]
This Morning in Metals: Trump, Xi Reach Agreement to Press Pause on New Tariffs
This morning in metals news, President Donald Trump and President Xi Jinping reached an agreement that at least temporarily puts a cap on the escalation of trade tensions, Chinese steel and iron ore prices rose on the news, and Chinese copper premiums hit an 18-month low. Need buying strategies for steel? Request your two-month free […]
Week in Review: Falling Oil Price, Steel Production and USMCA
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sohrab Darabshaw covered India’s view of the Regional Comprehensive Economic Partnership (RCEP). The oil price has plunged — […]
This Morning in Metals: Chinese Iron Ore Drops to 4 1/2-Month Low
This morning in metals news, Chinese iron ore has hit a 4 1/2-month low, the zinc price fell for a fourth straight session and tariff waiver requests have been granted for a great number of metals from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Iron Ore Continues […]
Oil Has Hit $60 Per Barrel — How Much More Can it Drop?
Brent crude has hit a new low for 2018, with the international benchmark down 3% last week to its lowest level in 13 months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook West Texas Intermediate, the main U.S. contract, fell 4.5% to $52.09. Investors have taken fright in a relatively […]
This Morning in Metals: A Zinc Stink; Oil Price Volatility Here to Stay?
This morning in metals news, zinc is undergoing some tight times, according to Reuters’ Andy Home, and oil price volatility is still top of mind as we go into the Thanksgiving holiday in the U.S. Oil Prices Tumbled, Look to Stay Volatile As I filled my tank earlier this morning before heading to my mother-in-law’s […]
Week in Review: Tata Steel, Chinese Auto Sales and the Oil Price
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 Tata Steel is looking to unify its brand, as it has been a busy year on the […]
Oil Price Slide Potentially Bearish for Aluminum, Other Energy-Intensive Metals
We should state from the outset that it’s not that energy costs are directly dependent on the oil price — very little electricity generation around the world, Saudi Arabia being an exception, is generated from crude oil. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook But with power making up […]
This Morning in Metals: Chile’s Cochilco Lowers Average Copper Price Prediction
This morning in metals news, Chilean state copper agency Cochilco again trimmed its average copper price prediction for the year, China’s state-owned aluminum producer Chinalco is looking abroad and oil prices are up for the second straight day. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Prediction Falls […]
