This morning in metals news: pre-Labor Day retail gasoline prices are at their highest level in seven years; meanwhile, payroll employment rose by 235,000 in August; and, lastly, Norilsk Nickel has signed an agreement to build a liquefied natural gas icebreaker. You want more MetalMiner on your terms. Sign up for weekly email updates here. […]
Category: Commodities
This Morning in Metals: U.S. construction spending ticks up in July
This morning in metals news: U.S. construction spending ticked up by 0.3% in July, the Census Bureau reported; meanwhile, unemployment rates declined in 388 of 389 metropolitan areas of the U.S. in July compared with July 2020; and, lastly, shale natural gas production from the Appalachian Basin hit record levels in the first half of […]
Surging battery metals demand squeezes supply, Sibanye-Stillwater says
While much of the world still depends on fossil fuels, demand for battery metals is surging. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Battery metal demand on the rise South African platinum and palladium producer Sibanye-Stillwater said increasing […]
This Morning in Metals: Hurricane Ida slams Louisiana
This morning in metals news: Hurricane Ida made landfall in Louisiana on Sunday; copper prices have bounced back in the final third of August; and, lastly, Alro Steel has acquired metal distributor and service center Metal Stock. You want more MetalMiner on your terms. Sign up for weekly email updates here. Hurricane Ida hits Louisiana […]
Week in Review: Lithium-ion batteries; Chinese steel merger; Rio Tinto resumes labor talks at BC Works
Before the weekend, let’s take a look back at the week that was and the metals storylines on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week of Aug. 23-27 (lithium-ion battery challenges, Chinese steel merger and much […]
This Morning in Metals: US steel imports up 17.4% this year
This morning in metals news: U.S. steel imports are up by 17.4% in the year to date, the American Iron and Steel Institute reported; meanwhile, Toyota Motor is imposing its biggest price hike on steel materials in over a decade, according to Nikkei Asia; and, lastly, the WTI crude oil price has ticked up this […]
Week in Review: Shipping sector woes; oil prices fall; Toyota announces production cuts
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: Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Week of Aug. 16-20 […]
This Morning in Metals: SSAB touts world’s first ‘fossil-free’ steel
This morning in metals news: Sweden’s SSAB has hailed the delivery this week of its first shipment of fossil-free steel; copper prices have been sliding; and, lastly, electricity demand soared last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying […]
This Morning in Metals: Industrial production rises in July
This morning in metals news: U.S. industrial production picked up in July; the Energy Information Administration revised downward its OPEC petroleum production forecast; and, lastly, Russia’s Rusal recently announced its half-year results. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Industrial […]
Oil prices are unlikely to be lower for much longer
You wouldn’t believe the oil price had been quietly falling since early July when you went to fill up your tank this summer. Gasoline demand is nearly back to pre-pandemic levels from 2019. As a result, pressure on refiners has been so marked that prices have risen sharply enough to make the Biden administration urge […]
