This morning in metals news: Mercedes-Benz, Stellantis and TotalEnergies will each take a 33% stake in Automotive Cells Company; meanwhile, the Semiconductor Industry Association offered its reaction to the Biden administration’s recent meeting on the semiconductor supply chain; and, lastly, the Energy Information Administration expects a rise in natural gas consumption in 2021 and 2022. […]
Category: Commodities
Single-family housing starts slump in August
U.S. housing starts overall picked up in August, the Census Bureau reported this month. Request a 30-minute demo of the MetalMiner Insights platform now. Housing starts overall rise, but single-family starts drop Privately owned housing starts rose to a seasonally adjusted annual rate of 1,615,000. The August rate jumped by 3.9% from the previous month. […]
This Morning in Metals: Alcoa announces restart of aluminum smelter idled since 2015
This morning in metals news: Alcoa said it plans to restart its Alumar aluminum smelter in Brazil; meanwhile, the Energy Information Administration forecasts hydropower generation will fall by 14% this year; and, lastly, European automakers are looking to bypass China in their rare earths supply chains. Are you under pressure to generate aluminum cost savings? […]
Iron ore prices plunge as China curbs steel sector output
Chinese moves to clean up their heavy-polluting industrial sector has triggered a swift collapse in iron ore prices for the first time since July 2020. Prices last Friday and Monday dipped below the $100 per ton mark. According to a draft guideline released on Thursday, the Ministry of Ecology and Environment intends to monitor 64 […]
Record natural gas, resulting power prices cause alarm in Europe’s steel industry
Reports in the media that natural gas prices in the U.K. have more than quadrupled over the last year to highs of 180p per therm from around 40p per therm this time last year are making headlines. This is largely because of the impact on small, startup gas suppliers who have been forced out of […]
ArcelorMittal to invest $800M for massive expansion project in Liberia
ArcelorMittal and Liberian President George Weah have announced a 25-year commitment to stay in Liberia. Through the deal, the steelmaker will triple its iron ore production in the country and invest an additional $800 million. The steelmaker said it has invested $1.7 billion in the country over the last 15 years. Cut-to-length adders. Width and […]
Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum
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 stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and […]
This Morning in Metals: U.S. Steel expects Q3 to be ‘quarter of records’
This morning in metals news: U.S. Steel released its third-quarter guidance yesterday; U.S. petroleum exports just edged out imports in the first half of the year; and, lastly, unemployment rates fell in 15 U.S. states in August. You want more MetalMiner on your terms. Sign up for weekly email updates here. U.S. Steel releases Q3 […]
This Morning in Metals: Global aluminum production jumps in July
This morning in metals news: global aluminum production picked up in July; the WTI crude price continues to hover around $70 per barrel; and, lastly, the Producer Price Index for final demand increased by 0.7% in August. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Aluminum production increases in July Global […]
Week in Review: Aluminum prices reach 10-year high
Before we head into the weekend, let’s take a look back at the week’s news and some of the metals storylines here on MetalMiner: Aluminum prices reach 10-year high while a coup in Guinea threatens to disrupt global bauxite supply, China-Australia iron ore trade surges ahead despite ongoing tensions; and see MetalMiner’s analyst-driven Monthly Metals […]