Earlier this month, the U.S. Department of the Interior announced that it is seeking public comment on a recently released draft list of minerals “considered critical to the economic and national security of the United States.” Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook An executive order from President Trump in December directed […]
Category: Commodities
The Relationship Between CBOE’S Volatility Index and Industrial Metals
A recent article in Crain’s examining an alleged manpulation of the VIX, otherwise known as the Volatility Index, prompted MetalMiner to take a deeper look at the relationship between the index, commodities and industrial metals. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As a reminder to readers, trading activity and the […]
Coal India Limited ‘Vision 2030’ Document Says it Trails Global Peers
India’s coal story is something that we at Metal Miner have tracked over the years. It’s no secret that of late, the world’s largest coal producer, Coal India Limited (CIL), has been facing some measure of criticism for not being able to meet certain targets. Need buying strategies for steel? Try two free months of […]
Liquefied Natural Gas Prices Hold Firm Despite New Supply
With major new projects coming onstream in Australia and the rising output from the U.S. shale producers, the global liquefied natural gas (LNG) market was widely predicted to enter a period of oversupply between 2015-2020, with total supplies growing almost 50%. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But somewhat to everyone’s […]
This Morning in Metals: China Aims to Hit 2020 Steel Capacity Reduction Goal This Year
This morning in metals news, China is aiming to meet its 2020 goal for steel capacity cuts this year, a new bottle technology makes aluminum bottles feel like plastic and copper output in the Democratic Republic of Congo rose significantly in 2017. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese […]
Equities Rout Hits Commodities
Metals have suffered considerable volatility this month with prices sliding, then recovering, then sliding again at the end of last week. Metals markets are not alone in this — equities have been on a slide and many are beginning to ask if this is the end of the bull market that has stretched back nearly […]
This Morning in Metals: Rusal Aluminum Production Rises 1.5% in Q4 2017
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 […]
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 […]