This morning in metals news: An executive order is expected Thursday from President Joe Biden pledging that 50% of new vehicles sold in 2030 be zero-emissions. In other news, EVE Energy announced plans for a lithium-ion battery facility in China. Also, GFG settles disputes with Tata Steel and Rio Tinto following financing issues. The MetalMiner […]
Category: Commodities
Natural gas prices adding to inflationary cost pressures
Commodities in the form of metals and agricultural products are not the only goods facing price inflation this year. Power costs have been driven higher by a combination of pandemic bounce-back, extreme weather in the U.S., Europe and Russia this summer, and supply constraints. Are you prepared for your annual steel contract negotiations? Be sure […]
Week in Review: Stainless demand; global crude steel production; tin prices
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 demand, a drop in global crude steel production and much more: We know what you should be paying for metals — MetalMiner should-cost models are the ultimate savings […]
This Morning in Metals: Steel capacity utilization rises to 84.6%
This morning in metals news: the U.S. steel capacity utilization rate rose further to 84.6% last week; miner BHP announced a nickel supply agreement with Tesla; and, lastly, crude oil imports have been on the rise over the last four weeks. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
Week in Review: Exchanges tackle electrification; HRC momentum slows; MW premium hits record
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 competition between the COMEX and LME vis-á-vis electrification, consolidating copper prices, the upcoming MetalMiner 2020 Forecasting Workshop and much more: Each month, MetalMiner hosts a webinar on a specific […]
This Morning in Metals: Copper prices stabilize after cooling
This morning in metals news: copper prices have stabilized over the last month; U.S. natural gas prices have surged to their highest level since 2014; and, lastly, Cleveland-Cliffs released its second-quarter results. 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 […]
This Morning in Metals: Global aluminum production rises in June
This morning in metals news: global aluminum production rose in June compared to last year, the International Aluminum Institute reported; Ford of Europe reported its Q2 sales; and, lastly, June electricity demand surged amid a heat wave in the Pacific Northwest. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming […]
China to ramp up coal production to meet demand
While the rest of the world is trying to com to grips with the European Union’s proposed carbon border adjustment mechanism (CBAM) – which calls for the levying of charges on non-E.U. products in relation to their embedded carbon footprint — China, on the other hand, is currently grappling with a slightly different energy-related issue. […]
This Morning in Metals: Rio Tinto reports Q2 production results
This morning in metals news: Rio Tinto reported its Q2 production results; U.S. unemployment rates were down in seven states in June; and, lastly, the U.S. once again led the way in petroleum and natural gas production last year. You want more MetalMiner on your terms. Sign up for weekly email updates here. Rio Tinto […]
This Morning in Metals: Chinese steel exports surge in June
This morning in metals news: Chinese steel exports surged in June, according to General Administration of Customs data; meanwhile, the average cost for U.S. solar power construction continued to decline in 2019; and, lastly, Cleveland-Cliffs released its Sustainability Report 2020. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be […]