Category: Commodities

China, India set to compete in crude refining sector

China, India set to compete in crude refining sector

China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three key macroeconomic pillars we consider in our analysis of commodities markets, in addition to the Chinese economy and the strength of the U.S. dollar). China […]

This Morning in Metals: Nucor signs renewable power purchase agreement

This morning in metals news: Nucor Corporation has signed a power purchase agreement with EDF Renewables North America; the Pilbara Ports Authority reported an 11% year-over-year increase in throughput in October; and, lastly, Minnesota’s mining rules are getting another look. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a […]

This Morning in Metals: Panasonic, Equinor, Norsk Hydro sign MOU to explore potential European lithium-ion battery business

This morning in metals news: Norsk Hydro has signed a memorandum of understanding to explore a potential lithium-ion battery business; U.S. import prices fell slightly in October; and Gulf of Mexico oil production fell in August by the largest amount since 2008. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and […]

This Morning in Metals: Senate allocates funding for Aluminum Import Monitoring system

This morning in metals news: the Senate Committee on Appropriations allocated funding for a new Aluminum Import Monitoring system; the United States International Trade Commission voted to continue an aluminum foil investigation; and natural gas inventories are at a record high. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]

Week in Review: Copper price gains; gold’s one-day plunge; steel imports down 22%

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 the copper price, oil price gains and steel imports: The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental […]

Oil price bounces back on encouraging COVID vaccine news

The oil price was not alone in responding positively to this week’s encouraging news from Pfizer and BioNTech regarding progress with their mRNA COVID vaccine. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be […]

This Morning in Metals: U.S. steel capacity utilization rate rises to 71.1%

This morning in metals news: the U.S. steel sector’s capacity utilization rate rose to 71.1% last week; WTI crude oil has bounced back up over the last week; and Arconic recently released its Q3 financial results. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]

Week in Review: China Manufacturing PMI dips; Europe faces rising coronavirus infections; new-vehicle retail sales forecast to rise

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 the China Manufacturing PMI, U.S. construction spending and Western European hot-rolled coil transactions: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of Nov. 2-6 […]

This Morning in Metals: U.S. imports of blooms, billets and slabs surge

This morning in metals news: the U.S. has seen rising imports of blooms, billets and slabs; the power sector’s coal consumption dropped significantly in the first half of this year; and copper prices trended sideways this week. Do you know the five best practices of sourcing metals, including steel? U.S. imports of blooms, billets and […]

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