A deal is not a deal until it is done, goes the old adage. Mining projects are notorious for falling afoul due to presuming agreed terms will be played out as expected. The Financial Times reports on the conundrum BHP and Rio Tinto face in developing the Oak Flat copper ore body in Arizona. Stay […]
Category: Company News
Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel
The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give […]
This Morning in Metals: Steel capacity utilization rises; Hydro inks energy deal; aluminum prices skyrocket
This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises […]
Germany pledges $65M toward new ArcelorMittal DRI plant
Germany’s federal environment minister has pledged €55 million ($65 million) towards ArcelorMittal Hamburg’s planned construction of a demonstrator directed reduced iron (DRI) plant, which will eventually use green hydrogen, the Luxembourg-headquartered group stated. Svenja Schulze pledged the government’s support Sept. 7 while visiting the Hamburg plant, ArcelorMittal noted. Do you know which market conditions are […]
SSAB to collaborate with automotive groups on potential supply of fossil-free steel
Sweden’s SSAB has announced collaboration plans with two European auto groups on the potential supply of fossil-free steel for auto bodies and parts. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. SSAB to collaborate with European auto groups on potential fossil-free […]
Automotive MMI: Auto sales slump in August as inventory lags, semiconductor shortage continues
The Automotive Monthly Metals Index (MMI) fell by 1.4% for this month’s MMI reading. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US auto sales Ford Motor Co. reported its August retail sales increased by 6.5% from the previous month. However, […]
Jindal Steel to invest $2.4B to boost capacity, citing improving demand prospects
One of India’s foremost steel companies, Jindal Steel & Power Ltd., has announced plans to invest U.S. $2.4 billion to increase capacity over the next six years as recovery from the COVID-19 pandemic boosts steel demand. “Domestic steel prices have recovered from the lows of the COVID-induced volatility and are increasing spurred by improving demand […]
This Morning in Metals: Steel capacity utilization dips to 84.9%
This morning in metals news: U.S. steel capacity utilization dipped to 84.9% last week; North American Stainless said it is maintaining fuel surcharge; and, lastly, RUSAL earlier this month reported its interim H1 2021 results. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Steel capacity utilization […]
This Morning in Metals: Hurricane Ida slams Louisiana
This morning in metals news: Hurricane Ida made landfall in Louisiana on Sunday; copper prices have bounced back in the final third of August; and, lastly, Alro Steel has acquired metal distributor and service center Metal Stock. You want more MetalMiner on your terms. Sign up for weekly email updates here. Hurricane Ida hits Louisiana […]
Week in Review: Lithium-ion batteries; Chinese steel merger; Rio Tinto resumes labor talks at BC Works
Before the weekend, let’s take a look back at the week that was and the metals storylines on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week of Aug. 23-27 (lithium-ion battery challenges, Chinese steel merger and much […]
