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 […]
Category: Commodities
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 […]
This Morning in Metals: House Members Write USTR in Support of Tariff Exclusions
This morning in metals, members of the House are asking the Trump administration to allow tariff exclusions (related to the latest round of tariffs levied against China), Chile’s state copper miner has plans to extend the life of one of its copper deposits and BHP reported a sharp year-over-year increase in iron ore production. Need […]
Iron Ore is Defying Gravity (For Now)
Despite the turmoil of an escalating war of words and the prospect of a full-blown trade war, the price of iron ore has remained remarkably robust this year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As the primary ingredient in the most basic of manufacturing materials, steel, you may […]
Week in Review: Mining in Goa, Alunorte’s Stop and Start, 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 Many are hoping for a return to a heavy mining presence in the Indian state of Goa. […]