This morning in metals news, Rusal saw its fourth quarter 2017 aluminum production rise, commodities generally escaped the brunt of Monday’s market plummet and European steel demand is set to rise in 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rusal Aluminum Production Jumps According to Platts, Rusal’s Q4 2017 […]
Category: Commodities
USGS: U.S. Mines Produced $75.2 Billion in Minerals Last Year
According to a recent report from the U.S. Geological Survey, the U.S. mining industry produced $75.2 billion in minerals in 2017. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The information was published in the USGS’s annual Mineral Commodities Survey. In the import market, the U.S. was 100% reliant on outside sources for […]
Base Metals Trend Sideways This Month After End-of-2017 Surge
The base metal trendline appears to have shifted sideways this month after skyrocketing at the end of 2017. Market observers can take comfort knowing that after a meteoric rise, it takes time for the price to “digest” previous gains. Base metals prices remain in a more than two-year uptrend, and both base metals and steel […]
India’s NALCO Looks to New Projects After Rising Revenues
It’s been great going for India’s state-owned National Aluminium Company (NALCO). Its revenues in sale of alumina are up by 30% year-over-year and it has reported a 94% jump in net profit. Lower your aluminum spend – Take a free trial of MetalMiner’s Monthly Outlook! The company has now lined up some new projects. According […]
The Crude Oil Price Continues Upward March Amid Political Turmoil, Demand Growth
Amongst a plethora of news, comment and opinion, it is often like struggling through a jungle when trying to get clarity on the commodities landscape. Sometimes, there is almost too much information. Two-Month Trial: Metal Buying Outlook So, an analysis in the Financial Times entitled “Five things to watch as Brent crude oil nears $70” […]
Trump Looks to Open Up Continental Shelf to Oil Exploration
President Trump is not unused to controversy — some say he even courts it. So, a recent proposal following an executive order signed last April to widen energy exploration should come as no surprise. The draft Five-year Outer Continental Shelf Oil and Gas Leasing Program has been enthusiastically welcomed by the oil and gas industry […]
This Morning in Metals: Steel Dynamics Earnings, Iron Ore Price Forecast, China Falling in Love with Used Cars
This morning in metals, a major player in domestic steel announced when its full-year earnings call will drop, China looks to be giving used cars some love, and Australia’s government appears a bit bearish on iron ore in the next couple years. Two-Month Trial: Metal Buying Outlook Iron Ore Price Forecast for 2018-2019 Australia’s Department of […]
Does Gold’s Rise Have Anything to do with Bitcoin?
Gold has defied interest rate rises and record equity markets to rally to its highest level in more than three months, the Financial Times reported this week. Rising more than 6% since early December to over $1,300/ounce — its highest level, the paper reports, since September 2015. Gold is normally considered a safe-haven asset and a […]
The Markets Have Bought in to the OPEC-led Output Cuts
After hitting a low of below $43/barrel in mid-2017, the oil price has risen inexorably to its highest level since 2015, according to the Financial Times. Rising some 35% since July, Brent crude hit over $67/barrel as hedge funds heap long positions despite the market, by most accounts, still being in surplus. OPEC’s alliance with […]