This morning in metals news: the US steel capacity utilization rate reached 81.5% last week; meanwhile, miner Glencore announced a new liquefied natural gas supply agreement; and, lastly, G7 trade ministers issued a joint communiqué covering market and trade distortions by state enterprises. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore […]
Category: Commodities
China’s iron ore demand poses problem for some Indian steelmakers
China’s increased appetite for iron ore has become a problem for neighbor India. In the first four months of 2021, ore exports from India increased by 66% to 22.42 million tons (MT). As much as 90% of this went to China, according to Business Today. Each month, MetalMiner hosts a webinar on a specific metals […]
Iron ore market characterized by volatility
The iron ore price has been about as volatile of late as most of us can remember. The price powered relentlessly upwards this year on the back of surging demand from China and constrained supply from Brazil. Then, after hitting a peak May 10 and 12, it fell sharply into bear territory, as Beijing sought […]
Week in Review: Section 232 tariffs; metals prices pull back; China warns commodity speculators
Before we head into the weekend, let’s take a look back at the week that was here on MetalMiner, which included coverage of the Section 232 tariffs, the recent metals price pullback, China’s warning to commodity speculators and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
This Morning in Metals: MetalMiner team walks through signs to watch for potential end to supply shortages
This morning in metals news: during MetalMiner’s latest webinar Thursday, the team walked through the signs buyers should pay attention to that might indicate an end to the current state of allocation markets and metals shortages; the carbon footprint of aluminum can production in North America has plunged over the past three decades, according to […]
This Morning in Metals: May new-vehicle retail sales on pace for record
This morning in metals news: new-vehicle retail sales are on pace to hit their highest total ever for the month of May, according to J.D. Power and LMC Automotive; meanwhile, new orders for manufactured durable goods declined in April after 11 straight months of gains; and, lastly, LME aluminum has backtracked over the last two-plus […]
Beijing’s warning to speculators sends metals prices falling
China’s “zero tolerance” warning to commodity speculators over the weekend sent prices of some metals and iron ore tumbling. A meeting held on Sunday between at least five government departments, including the the National Development and Reform Commission (NDRC), concluded that the fight against hoarders and speculators leading to soaring commodities prices would be taken […]
This Morning in Metals: US steel capacity utilization dips slightly to 79.0%
This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a […]
Metals prices pull back from recent highs
A bullish report in Reuters last week advising metal output in China was breaking records, again, looks at odds with developments this week. Relentlessly rising prices have taken a sharp about-turn, the BBC reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your aluminum buy. Rising […]
This Morning in Metals: Norsk Hydro explores potential uses for bauxite residue
This morning in metals news: Oslo-based Norsk Hydro has reached an agreement with a Brazilian university to explore the potential uses of bauxite residue from its mining operations; US natural gas-fired generation declined over the first four months of the year; and existing-home sales fell in April. Each month, MetalMiner hosts a webinar on a […]
