This morning in metals news: MetalMiner’s Stuart Burns weighed in on the outlook for iron ore prices and steel prices throughout the remainder of this year; the unemployment rate was unchanged in April; and the copper price has soared past the $10,000 per metric ton mark. Does your company have a steel buying strategy based […]
Category: Commodities
Are we headed for another supercycle?
Some of the merchant banks would have us believe we are in the grip of another supercycle. Certainly, the relentless recovery in commodity prices following last year’s lows appears graphically like a repeat of the relentless rise in prices during the last supercycle in the first part of this century. During that supercycle, support came […]
This Morning in Metals: US nonfarm business sector labor productivity rises 5.4% in Q1
This morning in metals news: nonfarm business sector labor productivity jumped by 5.4% in the first quarter; the CME Group said it will permanently close the trading pits it shut down last March; and US energy production dipped last year. More MetalMiner is available on LinkedIn. US nonfarm labor productivity shoots up in Q1 2021 […]
This Morning in Metals: May MMO report; crude oil imports; IEA on critical minerals
This morning in metals news: MetalMiner released its May MMO report earlier this week; US crude oil imports from OPEC are down; and the International Energy Agency issued a report on clean energy and the expected surge in critical mineral demand. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
As electric vehicles continue to surge, cobalt prices also rise
The prospect of buying an electric vehicle (EV) may fill you with anxiety. That is, range anxiety, charging point anxiety, reliability anxiety and resale anxiety. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Sales rise despite electric vehicle anxieties […]
Week in Review: Global steel production rises; record April for auto sales; China aluminum imports remain elevated
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including rising global crude steel production, automotive sector developments and much more: You want more MetalMiner on your terms. Sign up for weekly email updates. Week of April 26-30 (global steel production, […]
This Morning in Metals: Ford announces global battery center dubbed Ford Ion Park
This morning in metals news: Ford Motor Co. announced its new global battery center called Ford Ion Park; meanwhile, OPEC nations met via teleconference on Tuesday; and, lastly, the US goods trade deficit rose by 4% in March. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
Oil prices show caution in the face of growing Indian, Japanese infection rates
Cautious production increases by OPEC+ and a strong business cycle upturn have encouraged bullish sentiment about downward pressure on oil inventories and upward pressure on the oil price in the second half of the year, Reuters columnist John Kemp reports in a recent post. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, […]
Week in Review: Aluminum smelter labor deal; copper prices; pandemic challenges for brewers
Before the weekend, let’s take a look at the week that was and the metals storylines here on MetalMiner, including an aluminum smelter labor deal, copper prices, environmental policy developments and more: Find more insight on MetalMiner’s LinkedIn. Week of April 19-23 (aluminum labor deal, copper prices and more) Stuart Burns on copper price movements […]
This Morning in Metals: General Motors debuts new electric vehicle model
This morning in metals news: General Motors debuted its 2023 Cadillac LYRIQ electric vehicle; the House Judiciary Committee advanced a bill that seeks to open OPEC up to lawsuits for price collusion; and Texas is set to add a significant amount of utility-scale solar power. The MetalMiner Best Practice Library offers a wealth of knowledge […]
