This morning in metals news, iron ore prices are up, a Kentucky company announces an expansion, and Canada will expand its targeted tariff relief as part of its ongoing efforts to tackle the U.S.’s Section 232 steel and aluminum tariffs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
Category: Commodities
Week in Review: Palladium’s Rising Star, China’s Auto Tariffs and November Steel Production
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 writes about a Japanese firm opening a new aluminum alloy plant in India. In case you […]
This Morning in Metals: Tokyo Steel to Hold Prices Steady in January
This morning in metals news, Tokyo Steel says it will hold steel prices steady in January, base metals prices fell Monday and Australian miner Fortescue announces its mid-grade iron ore production expectations for 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steady Steel Prices for Tokyo Steel After prices […]
Final Monthly MMI Report of 2018 Is Now Available
The December Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook While a few sub-indexes saw some gains from November to December — Copper, Global Precious Metals and Automotive MMIs, among them — the real story seemed to be the decline in […]
Is Iron Ore Heading for Further Falls?
With all this talk of trade wars and weakness, both on the Shanghai stock market and in the Chinese currency, you would expect that steel production in China would be heading south fast. In actual fact, steel mills continue to churn out product at near-record levels and imports of iron ore remain robust. Need buying […]
Morning in Metals: Section 232 Tariffs Working? Competing Studies Duke It Out
This morning in metals (and commodities), a few news bits we’re following: OPEC forecasts fall in demand for cartel’s crude next year. “OPEC estimates the world will need 31.4m barrels a day of the cartel’s crude next year, 2.1m b/d less than demand from 2017, as production from US shale fields continues to swell,” according […]
Week in Review: USMCA, Sebree Expansion, Rio’s Bauxite and MMI Week
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 Following the signing of the United States-Mexico-Canada Agreement (USMCA) during the Group of 20 (G20) summit in […]
This Morning in Metals: U.S. Steel Import Market Share Hits 20% in November
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 […]
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 […]