This morning in metals news, world leaders gathered in Japan this weekend for the G20 Summit, a deadline for bidding on the liquidated British Steel came and went June 30, and Australia’s iron ore exports are forecast to fall for the first time in 18 years. Need buying strategies for steel? Request your two-month free […]
Category: Commodities
Week in Review: The U.S. Dollar, Iron Ore and MetalMiner’s Trade Resource Center
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 Belinda Fuller touched on the U.S. dollar’s impact on precious metals prices. Sticking with currency issues, Stuart […]
This Morning in Metals: Asian Stocks Fall Ahead of Much-Anticipated Trump-Xi Meeting
This morning in metals news, stocks in Asia fell Tuesday, Chinese steel prices continued recent gains and U.S. Steel named a new chief information officer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Asian Stocks Slide Shares in Asian companies fell Tuesday ahead of a meeting scheduled for later this […]
Rising Iron Ore Prices Push Some Chinese Steel Mills into the Red
Chinese steel mills are caught between the proverbial rock and a hard place. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale’s Feijao mine disaster, which […]
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
This Morning in Metals: Iron Ore Futures Soar to Record High
This morning in metals news, iron ore continues its hot streak, the Chinese government has summoned executives of 48 regional companies to demand they curb pollution from their facilities and a series of Section 301 public hearings kicks off today. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
Oil Supply Tensions Rise as Accusations Fly Over Gulf of Oman Tanker Attacks
On Thursday, two tankers carrying petrochemicals, one of which was a Japanese-owned ship, came under suspected attack in the Gulf of Oman. The incidents compounded the already simmering hostilities in what’s possibly the world’s most pivotal maritime corridor and spurred a significant 4% spike in the oil price, the Washington Post reported. Need buying strategies […]
This Morning in Metals: Sliding Oil Price Gets a Jolt After Suspected Tanker Attacks
This morning in metals news, the oil price could slide further, Liberty Steel made an acquisition in Pennsylvania, and the E.U. adopted binding targets for zero- and low-emission vehicles in public procurement. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Oil Price Slide After rising to around $75/barrel in April, […]
Indian Business Groups Lobby for Auction of Iron Ore Mining Licenses
A new government in India has steel companies and iron miners rushing to it with urgent pleas on iron ore mine auction. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One appeal is for the government to auction iron ore mining licenses held by private miners when they expire in […]
The Oil Price is Down for Now, but Where is it Off to Next?
Oil prices are on track for their largest monthly decline in six months, the online trade journal oilprice.com writes. The Trump administration exacerbated the selloff with another threat of tariffs, this time against its southern neighbor Mexico if it does not stem the flow of immigrants across the border. President Donald Trump threatened to apply […]