Zerophoto/Adobe Stock
This morning in metals news: Chilean firm Antofagasta announced its second-quarter production results; Brent crude oil prices were down 20% in Q1 2020 compared with Q1 2019; and Alcoa announced a new deal to supply low-carbon rolling slabs.
phonlamaiphoto/Adobe Stock
Possibly as much to OPEC+’s surprise as the wider market, their deep cuts to output of just a few months ago are already bearing fruit.
nikitos77/Adobe Stock
This morning in metals news: Rio Tinto released its second-quarter production results; steel industry groups want infrastructure to be added to the U.S.’s next stimulus bill; and reported plans to replace furnaces at Tata Steel’s Port Talbot plant have raised worries that thousands of jobs could be lost in the process.
Olivier Le Moal/Adobe Stock
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, including coverage of silver prices, LME off-warrant stocks, cobalt-free lithium-ion batteries and more:
Source: Toyota
This morning in metals news: Toyota will reportedly source electrical steel sheet from China’s Baowu Steel; Nevada Copper is requesting a financial hardship exemption; and iron ore continues to soar.
gui yong nian/Adobe Stock
This morning in metals news: the U.S. steel sector’s capacity utilization rate ticked up this past week; a steel processing company plans to open a new facility in Kentucky on Nucor’s campus; and China’s demand for iron ore from Australia has persisted, despite trade tensions between the two countries.
freshidea/Adobe Stock
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner:
Norsk Hydro’s Alunorte refinery. Source: Norsk Hydro
This morning in metals news: Norsk Hydro’s Alunorte alumina refinery has signed a deal with the Federal University of Pará; a decline in petroleum demand yielded a rise in crude inventories this spring; and U.S. hires reached 6.5 million in May.
Zerophoto/Adobe Stock
India’s coal sector is in the limelight following a series of recent government decisions.
A new study by data analytics company GlobalData shows that India and a few other countries would step in to bolster an anticipated about 7.8% drop in U.S. coal production this year.
Zerophoto/Adobe Stock
This morning in metals news: the Chinese province of Henan will raise its fees for steel and cement producers that do not meet low-emissions targets; BMO says the copper concentrate market will tighten this year; and the Oyu Tolgoi project took another step forward this past week.