It was another busy week in the world of metals and metal-using sectors. Among this week’s major developments were an executive shakeup at Ford, aluminum prices on the rise in China and a U.S. steel sector seeing capacity utilization gains week by week.
Category: Commodities
This Morning in Metals: E.U. extends anti-dumping duties on Chinese stainless
This morning in metals news: the European Commission on Wednesday extend anti-dumping duties on stainless steel from China; miner Glencore released its half-year report; and Brazil is trying to meet China’s surging iron ore demand. For more news and notes from the world of metals, make sure to subscribe to the free MetalMiner e-newsletter, Gunpowder.
This Morning in Metals: LME copper price makes midweek gains
This morning in metals news: the copper price inched upward Wednesday; U.S. coal-fired plants have been transitioning to natural gas; and Norilsk Nickel recently released its production results for the first half of the year.
Week in Review: Stainless steel demand; industrial production; copper 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.
This Morning in Metals: Rusal aluminum production falls 1.4%
This morning in metals news: Rusal released its Q2 2020 production results; Norsk Hydro has signed a memorandum of understanding for potential use of natural gas at its Alunorte refinery in Brazil; and Rio Tinto announced the discovery of a new zone of gold mineralization.
Iron ore is being undermined by slowing steel demand
A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market.
Week in Review: Housing starts rise; oil price recovers; shipping lines face challenges
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines on MetalMiner:
This Morning in Metals: Antofagasta Q2 copper production drops 8.4%
Despite challenges stemming from the COVID-19 pandemic, miner Antofagasta maintained its full-year 2020 copper guidance.
The oil price has recovered, but does it have any further upside?
The oil price has bounced back after reaching historic lows in April.
This Morning in Metals: Rio Tinto releases Q2 production results
This morning in metals news: Rio Tinto released its second-quarter production results; steel industry groups want infrastructure to be added to the U.S.’s next stimulus bill; and reported plans to replace furnaces at Tata Steel’s Port Talbot plant have raised worries that thousands of jobs could be lost in the process.