Recently, MetalMiner had the pleasure of speaking with Norsk Hydro about aluminum market trends, market insights and the general market outlook for the aluminum industry, especially in the U.S. As the premier green aluminum producer in the United States, Europe-based Norsk Hydro continues to make significant strides in helping to convert the aluminum extrusion market […]
Category: Commodities
Construction MMI: Sluggish Metal Demand in China Continues to Weigh on Industrial Metal Demand Globally
The Construction MMI (Monthly Metals Index) continued to hold sideways month-over-month, without significant bullish or bearish pressure on industrial metals. Overall, the index saw a slight 2.56% uptick in price action. However, it failed to break out of its 10-month-long sideways price range. Weekly Midwest bar fuel surcharges dropped significantly, which pulled the index down. […]
Automotive MMI: Will EV Demand Hold Copper Prices Up Long-Term?
The Automotive MMI (Monthly Metals Index) continued to rise month-over-month, this time increasing by 3.04%. Aluminum and platinum prices rose significantly, which pulled the index up and provided significant bullish price action. Meanwhile, copper prices also added some bullish sentiment to the index, though not quite as much as in May. Copper prices continue to […]
US Faces Critical Choice: Biden’s “Stability” or Trump’s “America First?”
2024 will be a year of big elections, particularly for the United Kingdom and the United States. Amid what many experts consider to be an escalating trade war, citizens in both countries can’t help but wonder what lies in store for UK and US trade. On July 4, the UK electorate will go to the […]
China’s Bold Leap into Solid State Battery Research: The Charge of the Future
In the bustling world of battery innovation, China continues to make headlines. This time, it’s all about solid-state batteries. Over the past several years, the nation steadily powered up its battery metals research and development efforts, betting big on this game-changing technology. But why all the buzz? Let’s take a closer look at China’s recent […]
Costs Set to Rise for U.S. Importers
An unexpected surge in demand could complicate global import logistics, raising prices for U.S. importers. So far, global GDP growth has remained broadly positive this year, with growth rates consistently above expectations. Reports also indicate that manufacturing PMIs are at their highest level in almost two years, and a rising demand for shipping space seems […]
New Heat-Resistant Aluminum Alloys Developed by Tianjin University to Revolutionize Aerospace Engineering
Chinese scientists recently announced the development of a technique to significantly enhance the heat resistance of aluminum alloys. The breakthrough will address a major challenge that has long restricted the use of this lightweight metal in critical fields such as aerospace and transportation. According to a report in the South China Morning Post, the team […]
Rare Earths MMI: Rare Earth Prices Stabilize After 6 Months of Drops and May’s Rebound
The Rare Earths MMI (Monthly Metals Index) seemed to find some stabilization after six months of dropping followed by a brief rebound in May. Overall, the index moved sideways, rising by just 2.11%. Meanwhile, prices for rare earth elements continue to pull in both directions due to a number of factors. Issues like ongoing supply […]
Liberty Steel’s $70 Million Hungarian EAF Project Raises Questions Amid Financial Strains
Steel manufacturing giant Liberty Steel recently signed a contract with Chinese engineering company CISDI, finalizing a feasibility study to build an electric arc furnace at the Dunaújváros plant in Hungary. Steel production estimates state that the facility would have an annual crude capacity of 1.5 million metric tonnes. According to a May 16 announcement by […]
India’s Steel Industry Under Stress: Chinese Imports Could Surge Amid U.S. Tariffs
India’s steel industry currently finds itself in a stressful predicament. Already reeling from cheap steel imports, the country is now even more worried about a surge of Chinese imports following the imposition of fresh tariffs on Chinese steel by U.S. President Joe Biden. Alongside the U.S., India and many other countries around the world have […]
