Liberty Steel recently announced a restructuring plan for its operations in the United Kingdom after signing a new framework agreement with creditors. Among other things, the ambitious plan includes hiking crude steel manufacturing capacity at its Rotherham plant. The London-based company noted that the plan would see Liberty consolidate all its operations in the UK […]
Category: Commodities
Stainless MMI: Nickel Prices Retrace Amid Slow Stainless Market
Nickel prices continued to the upside during the first half of March, taking a momentary pause from their long-term downtrend. However, prices found a peak by March 13, reaching their highest level since October 2023. Following that, the rally collapsed, and prices returned to the downside. Overall, nickel prices fell 5.56% month over month. The […]
Rare Earths MMI: Have Rare Earth Prices Finally Found a Bottom?
Month over month, rare earth metals witnessed new price lows not seen since September 2020. While neodymium oxide and praseodymium oxide witnessed the sharpest drop out of all of the components of the Rare Earths MMI (Monthly Metals Index), the index fell by 5.08% overall. But with price points nearing pre-pandemic lows, the index may […]
Iron Ore Price Drops to 10-Month Low Before Recovering
The fear expressed by institutional analysts at the start of the year that 2024 will see some degree of volatility on the iron ore price front seems to be coming true. On April 1, the beginning of the second fiscal quarter, iron ore prices fell to a ten-month low. Costs for the raw steel-making material […]
Australia’s Biggest Challenges Lie Ahead for Iron Ore Production
Australia’s iron ore industry faces a major challenge, and if the country does not take corrective course action soon, it risks losing its position as the largest exporter of iron ore. This would have a significant impact on the nation’s industry, and its ability to affect the iron ore price. The challenge is the “changing […]
Charging Ahead: The Revolution of Fast-Charging Technology
Let’s dive deeper into the electrifying waters of lithium-ion batteries, where the University of Liverpool’s recent breakthrough is making waves. Their latest technology promises a future where “fast” is an understatement when it comes to charging our electric chariots and techno-gadgets. In this brave new world, conventional lithium-ion batteries, dependable but somewhat sluggish beasts, are […]
Liberty Pipes Hartlepool Chosen for £4 Billion Energy Infrastructure Deal
Liberty Steel recently won a contract to supply pipelines from its Hartlepool steel manufacturing site in the United Kingdom for energy infrastructure and carbon-capture projects. Liberty’s parent company, GFG Alliance, said in a March 15 statement that Liberty Pipes Hartlepool (LPH), located in northeast England, will supply onshore and offshore pipes to the Northern Endurance […]
Experts Predict Nickel Prices Will Continue to Drop in 2024
Will there be a rebound in Chinese nickel purchases in 2024? Furthermore, will it serve to bolster the market in the near term? Following a lengthy period of de-stocking last year, these are just some of the questions with implications for the global nickel price. As the world moves toward cleaner energy sources, certain minerals […]
Trade Union Eyes Strike Ballot at Port Talbot
The latest steel news and sources from the UK indicates that the Community trade union plans to ballot its members at Tata Steel for strike action. The move comes amid plans by the company to replace two blast furnaces at the Port Talbot site with electric arc furnaces. “Community representatives from all Tata Steel UK […]
Aluminum MMI: Aluminum Prices Rise As China Output Slows
Aluminum prices remain entrenched within a sideways trend. Following a 2.78% month-over-month decline in February, prices retraced throughout the first three weeks of March to where they currently stand: 2.17% above their February close. Overall, the Aluminum Monthly Metals Index (MMI) moved sideways, with a 2.36% decline from February to March. AI vastly improves your […]
