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 […]
Category: Commodities
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 […]
This Morning in Metals: Novelis Invests $175M in Brazil Operations
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 […]
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 […]