This morning in metals news, a trade association looks to raise money to support its lawsuit against the Section 232 steel tariff, Honda’s quarterly earnings hit a 12-year high and the oil price’s recent dip may just be temporary. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook American Institute for International […]
Category: Commodities
Week in Review: India’s Coal Shortage, LMEselect and USTR Tariff Hearings
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? Try two free months of MetalMiner’s Outlook India has a coal shortage that comes to the benefit of the U.S. coal industry. Stuart Burns delves […]
India’s Coal Shortage is U.S. Miners’ Gain
What is one man’s meat is another’s poison. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The proverb seems to be true for India’s coal supply woes. The country’s power ministry has advised all provinces to start importing coal for the next three years in order to operate their power plants […]
This Morning in Metals: Canada Mulls Blanket Steel Tariff
This morning in metals news, Canada could respond to the U.S. steel tariff with a broad global tariff of its own, the governor of Texas says the metals tariffs could harm the oil and gas sectors, and India could be the recipient of a flood of redirected Chinese steel. Need buying strategies for steel? Try […]
LNG Consumption Rises in Several Markets As Costs Fall
The diverse drivers of expanding renewable energy and demand for liquefied natural gas (LNG) are in turn stimulating demand for stainless steels and aluminum. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Perversely, the growing competitiveness of renewable energy is making the use of natural gas less economic for baseload power generation. However, […]
The Oil Price Is at a Crossroads
After a sharp run up from the middle last year, the oil price is hovering below U.S. $80 per barrel. The market is finely balanced in terms of threats to supply and still has robust demand growth. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Capacity cuts implemented by Russia, OPEC […]
Best Friends Donald Trump and Saudi Arabia Are at Odds Over the Oil Price
President Donald Trump has signaled his displeasure at aspirations expressed by Saudi Arabia at a recent OPEC meeting with respect to an extension in the current supply deal between OPEC and non-OPEC members for continued supply constraints with a view to higher prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Week in Review: Aluminum, KORUS and Section 232
Happy Friday, MetalMiner readers! Here’s a look back at this week’s top stories. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A number of aluminum associations around the world wrote a joint letter urging G20 leaders to hold a forum on global aluminum overcapacity at this year’s G20 Summit, scheduled to […]
Mid-April Metals Analysis: Aluminum, Copper and Nickel Prices Rise, Other Base Metals Fall
Numerous factors weigh heavily on the base metals and commodity complex: the Chinese copper scrap ban, the Section 232 proclamation on aluminum and steel combined with country-specific exemptions set to expire on May 1, the Section 301 investigation, and multiple strikes at copper and nickel mines to boot. After the turmoil of the first few […]
This Morning in Metals: Saudi Arabia Seeks $100/Barrel Oil Price, Chinese Iron Ore Rebounds from 10-Month Low
This morning in metal news, Chinese iron ore futures rebound from a 10-month low, Saudi Arabia emerges as OPEC’s leading supporter for further reducing oil supply, and researchers discover a major supply of rare earth minerals in the seabed near a remote Japanese island. Need buying strategies for steel? Try two free months of MetalMiner’s […]