This morning in metals news, Novelis Inc. announced a $175 million investment in its aluminum recycling and production capabilities in aluminum, Chinese steel prices fell, and U.S. CRC and HDG prices dropped to start the week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Novelis Announces $175M Investment Aluminum roller and […]
Category: Commodities
The November MMI Report: Eight of 10 Subindexes Post Drops
The November Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This month’s report again saw a majority of the MMI subindexes post declines. Only the Global Precious and GOES MMIs increased, while the Rare Earths MMI held at the same level […]
This Morning in Metals: Nickel Falls to 11-Month Low
This morning in metals news, the nickel price has plunged to its lowest level in 11 months, Canadian Prime Minister Justin Trudeau spoke with President Donald Trump over the weekend regarding the U.S.’s steel and aluminum tariffs, and two train derailments appear to have had little impact on Australia’s iron ore sector. Need buying strategies […]
This Morning in Metals: Shangahi Rebar Steel Hits One-Month Low
This morning in metals news, Shanghai rebar has dropped to a one-month low, cobalt prices are set to rise after a mining halt at a Glencore location in the Democratic Republic of the Congo (DRC) and BHP says a train derailment will impact its iron ore exports from Australia. Need buying strategies for steel? Request […]
This Morning in Metals: Rusal Reports 3Q Earnings Up 42%
This morning in metals news, Russian aluminum giant Rusal had a big third quarter, Vale announced an iron ore supply deal with Emirates Steel and British Steel is potentially looking to make an acquisition in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Rusal 3Q Earnings Up 42% Russian […]
Week in Review: Global Steel Production, M&A Activity and the Dollar’s Strength
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 Global crude steel production jumped 4.4% year over year in September. A recent PwC report overviews M&A […]
This Morning in Metals: Two Chinese Economists Critical of Country’s Economic Model
This morning in metals news, two prominent Chinese economists have been publicly critical of China’s economic model, the U.S. Department of Commerce has launched an audit of tariff waivers received by companies, China’s steel demand appears to be a boon for the Indian iron ore sector and U.S. Steel shares dipped after hours Thursday following […]
The U.S. Dollar is in the Driver’s Seat for Commodities
October was the worst since 2012 for world stocks, one that casts doubt on the decade-long bull market for equities, according to the Financial Times, and by extension the fate of metal prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Although China’s CSI 300 closed up 1.4% this week, […]
Week in Review: Liberty House, DOC Investigations and Global Steel Demand
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 A recent fire at an Indian plant that killed nine workers again raised significant concerns about safety […]
India’s Coal Shortage Drags On
This story of India’s coal shortage refuses to die down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For some years now, many parts of the country have been facing power cuts. Why? Because of a shortage of coal, which becomes even more acute in the monsoon season (which is […]
