This morning in metals news: the Aluminum Association outlined the issues it hopes the Biden administration will take on; in addition, Alcoa recently reported its Q4 2020 and full-year results; and, finally, the oil price retraced slightly this week. Aluminum Association: aluminum can be part of ‘American comeback’ story The Aluminum Association laid out its […]
Category: Commodities
This Morning in Metals: Rio Tinto iron ore shipments rise 2% in Q4 2020
This morning in metals news: Rio Tinto’s iron ore shipments rose 2% year over year in Q4 2020; the Energy Information Administration forecast 2021 will see less power generation from natural gas this year; after rising during the first week of 2021, the LME three-month aluminum price has since been sliding. Rio Tinto reports rise […]
Week in Review: January 2021 MMI is out; what’s in store for iron ore?; Oyu Tolgoi expansion faces pushback
Before we head into the weekend, let’s take a quick look back at the week that was and the metals storylines here on MetalMiner, including the release of the January 2021 MMI, a look at what might happen to the iron ore price and much more. Inauguration Day draws near for President-elect Joe Biden, leaving […]
India reports finding of 1,600-ton lithium deposit
An Indian agency has reported evidence that shows the presence of a lithium deposit of about 1,600 tons in the southern province of Karnataka. It may be a small find. Still, it is important, especially with the world moving away from fossil-fueled vehicles to electric vehicles. Lithium deposit in India Initial surveys by the Atomic […]
This Morning in Metals: Rio Tinto, Meridian Energy reach deal on Tiwai Point aluminum smelter
This morning in metals news: Rio Tinto and Meridian Energy have reached a deal that will allow New Zealand’s Aluminum Smelter to continue operating the Tiwai Point aluminum smelter; BHP unveiled plans to build a new wind fence; and the Energy Information Administration (EIA) forecasts U.S. oil and natural gas production will fall this year. […]
Raw Steels MMI: Index increases by double digits as steel prices gain to close 2020
The Raw Steels Monthly Metals Index (MMI) increased by 16.5% this month, as steel prices showed strength in December. U.S. steel events The American Iron and Steel Institute, the Steel Manufacturers Association, the United Steelworkers union, the Committee on Pipe and Tube Imports and the American Institute of Steel Construction sent a letter to Joe […]
Have we already seen peak iron ore prices for this year?
Iron ore — or at least iron ore producers — have had a pretty good pandemic. Get social with us. Follow MetalMiner on LinkedIn. Recovering iron ore output In Brazil, historic environmental restrictions and, at least in Q1 2020, heavy rains hampered Vale’s operations. In addition, the miner faced an ongoing impact on its workforce due […]
This Morning in Metals: E.U. hits Turkish iron, steel with duties
This morning in metals news: new E.U. duties on iron and steel imports from Turkey take effect today; meanwhile, the Aluminum Association commented on President-elect Joe Biden’s nomination for the post of secretary of commerce; and natural gas prices fell to their lowest levels in decades last year. Cut-to-length adders. Width and gauge adders. Coatings. […]
Tensions simmer between China, Australia over coking coal import ban
Nobody yet is quite sure whether Australia and China’s spat over coking coal imports will eventually turn out to be a case of bad politics making good economics or bad economic sense making for good politics. While politics between China and Australia is part of the reason for the former to have completely banned the […]
This Morning in Metals: U.S. average retail gas price dropped to lowest since 2016 last year
This morning in metals news: U.S. average gas prices fell to their lowest level since 2016 last year; the U.S. Treasury announced sanctions against Iran’s steel industry; and Ford Motor Co. released its Q4 2020 U.S. sales results. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for […]