This morning in metals news: import prices rose by 1.0% in June; Saudi Arabia and the United Arab Emirates have reportedly reached a deal to resolve their recent oil output spat; and, lastly, Norsk Hydro recently announced the restart of its aluminum extrusion plant in Sjunnen, Sweden. Receive the latest short-term and long-term outlook for […]
Category: Commodities
This Morning in Metals: Consumer Price Index up 0.9% in June
This morning in metals news: the Consumer Price Index (CPI) for All Urban Consumers increased by 0.9% in June, the Bureau of Labor Statistics reported today; meanwhile, U.S. crude oil production efficiency increased in the Bakken region in 2020; and, lastly, North American Stainless experienced a production slowdown late last week. The MetalMiner Best Practice […]
This Morning in Metals: GM sales in China rise 5.2% in Q2
This morning in metals news: General Motors reported strong Q2 sales in China; miner Anglo American said it had completed its first maritime biofuel trial; and, lastly, the copper price has trended sideways so far in July. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at […]
Cracks beginning to show in OPEC position on production cuts
In a relatively rare example of disagreement — or, at least, such public disagreement — usually close allies Saudi Arabia and the United Arab Emirates (UAE) have failed to reach agreement last week on an extension to the oil output cuts scheduled to expire in April 2022. Saudi Arabia and the other 23 members of […]
This Morning in Metals: US fossil fuel consumption drops to lowest in nearly 30 years in 2020
This morning in metals news: U.S. fossil fuel consumption last year fell to its lowest level in nearly 30 years; nonfarm payroll employment rose by 850,000 in June; and, lastly, the American Iron and Steel Institute commented on the House’s INVEST in America Act. Each month, MetalMiner hosts a webinar on a specific metals topic. […]
Week in Review: USMCA turns 1; metal inventory levels; EU steel safeguards
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. This week, we touched on the USMCA (which turned 1 on Thursday), Stuart Burns covered the relationship between inventory levels and metals demand, and much more. On the USMCA — […]
This Morning in Metals: USMCA Labor Council convenes for first time
This morning in metals news: as laid out in the United States-Mexico-Canada Agreement (USMCA), the USMCA Labor Council convened for the first time; meanwhile, the Energy Information Administration reported on potential electricity disruptions this summer; and, lastly, Rio Tinto declared force majeure at one of its operations. The MetalMiner Best Practice Library offers a wealth […]
This Morning in Metals: USCIT votes to affirm Commerce’s AD duty determinations on Korean steel pipes, tubes
This morning in metals news: the U.S. Court of International Trade voted to affirm the duty levels set by the Department of Commerce with respect to heavy walled rectangular steel pipes and tubes from Korea; meanwhile, U.S. distillate demand returned more quickly than gasoline and jet fuel demand; and, lastly, the copper price has bounced […]
This Morning in Metals: GDP rises in all 50 states in Q1
This morning in metals news: real GDP increased in all 50 states and the District of Columbia in the first quarter of 2021; the Energy Information Administration released an update on drilled but uncompleted wells; and, lastly, the Aluminum Association commented on the ongoing infrastructure talks. The MetalMiner Best Practice Library offers a wealth of […]
Week in Review: Commodity prices dip; aluminum markets; copper production rises
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 a fall in commodity prices, aluminum market supply and much more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top […]