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, which this week includes coverage of steel capacity utilization, the latest OPEC ministerial meeting and much more. Overall, most base metals seem to be retracing from a late February peak. […]
Category: Commodities
This Morning in Metals: OPEC ministers agree to maintain March output levels into April
This morning in metals news: ministers of oil-producing countries agreed this week to by and large maintain March output levels in April; Texas and Florida posted gains in small-scale solar capacity last year; and China’s steel imports surged in 2020. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]
This Morning in Metals: March 2021 MMO report is out
This morning in metals news: the March 2021 Monthly Metal Outlook (MMO) report is out; meanwhile, annual natural gas production declined in 2020; and, finally, pending home sales declined in January. Find more insight on MetalMiner’s LinkedIn. March 2021 MMO report Every first of the month, MetalMiner publishes its Monthly Metal Outlook forecast report, available […]
Following a strong recovery, how much further does oil have to go?
The Brent crude oil price has continued a dramatic recovery this year. Brent crude last week briefly crossed $66 a barrel (where it started 2020). A recovery in demand has stoked oil prices. That demand surge is largely coming from the prospects of an acceleration in transport activity as vaccine programs roll out. Find more […]
Week in Review: Copper price strength; January auto sales; securing supply chains
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 coverage of the copper price, how the Biden administration will handle the former Trump administration’s metals tariffs and much more. The MetalMiner Best Practice Library offers a wealth of […]
Week in Review: Aluminum industry going greener; rare earths chess game; nickel, stainless dynamics
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 aluminum industry and its efforts to curb emissions, China’s latest foray in the global rare earths chess game and much more: You want more MetalMiner on your terms. […]
This Morning in Metals: Gold price, US dollar retrace while Bitcoin surges
This morning in metals news: the gold price continues to slide; the Federal Reserve released its latest Monetary Policy Report; and the record freeze in Texas is disrupting natural gas production. Gold price weakens After surging to around $2,035 per ounce in August, the gold price for the most part trended in a band between […]
Investment banks signal possible start of a commodities super cycle
Investment banks love a super cycle. It spurs irrational investment and sucks in unwary investors. Furthermore, it encourages passive funds to up their allocation, even if only by fractions of a percent. But with some $14 trillion invested in US equities alone, even a modest increase in passive investments into ETFs would reap significant rewards […]
This Morning in Metals: Copper price surges after January cooldown
This morning in metals news: the copper price is on its way back up again; meanwhile, Rio Tinto reached a new power agreement for its ISAL aluminum smelter; and, lastly, oil prices continue to rise. Copper price surges After a sleepy January, copper prices are back on the ascent. The LME three-month copper price closed […]
Week in Review: Biden administration reimposes UAE tariff; copper demand; stainless steel price hikes
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 Biden administration reimposing a tariff on aluminum from the UAE, copper demand and much more. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]