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, […]
Category: Commodities
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 […]
This Morning in Metals: Oil, Gold Prices Dip, NAFTA Talks to Accelerate
This morning in metals news, oil and gold prices opened slightly lower despite the missile attacks on Syria that took place early Saturday morning local time. NAFTA renegotiation talks speed up in face of Mexico’s upcoming presidential election. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Oil, Gold Traded Lower Following […]
Week in Review: DRC Mining Charter, Hong Kong Housing and MMI Week
Before we head into the weekend, let’s take a look back at the week that was and some of the stories here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Joseph Kabila, president of the Democratic Republic of Congo, is looking to rip up a 2002 mining charter in […]
DRC Makes a Grab for a Larger Slice of the Pie
I guess you can’t blame countries like the Democratic Republic of Congo (DRC) for looking to acquire a bigger piece of the wealth from their own supplies of natural resources. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need The Telegraph reports that President Joseph Kabila is ripping up the […]
A Look Back at a Turbulent March in the World of Commodities
Section 232 aside, given the market turbulence this month MetalMiner took a look back at commodities and other base metals to reassess trends. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Commodities have traded lower in March, slowing down from their previous pace. Crude oil prices (one of the most important […]