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.
Category: Commodities
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.
Week in Review: July 2020 MMI report; silver prices; LME off-warrant stock
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 silver prices, LME off-warrant stocks, cobalt-free lithium-ion batteries and more:
This Morning in Metals: Toyota to source electrical steel sheet from Baowu
This morning in metals news: Toyota will reportedly source electrical steel sheet from China’s Baowu Steel; Nevada Copper is requesting a financial hardship exemption; and iron ore continues to soar.
This Morning in Metals: U.S. steel capacity utilization rises to 57.5%
This morning in metals news: the U.S. steel sector’s capacity utilization rate ticked up this past week; a steel processing company plans to open a new facility in Kentucky on Nucor’s campus; and China’s demand for iron ore from Australia has persisted, despite trade tensions between the two countries.
Week in Review: U.S.-China trade; U.S. automotive sales; LME aluminum load-out queues
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Sign up today for Gunpowder, MetalMiner’s free, weekly e-newsletter featuring news, analysis and more. MetalMiner’s Stuart Burns interviewed Stratfor’s Rodger Baker on the state of U.S.-China trade tensions. U.S. automotive sales […]