This morning in metals news: U.S. steel capacity utilization fell to 84.7% last week, the American Iron and Steel Institute reported; meanwhile, Glencore signed a cobalt supply deal with Britishvolt; and, lastly, the Department of Energy released a brief on investment in solar energy. Do you know which market conditions are best with different steel […]
Category: Company News
Week in Review: IPCC report takeaways; copper market trends; tax credits for rare earth magnet production?
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: 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. 9-13, 2021 (copper […]
This Morning in Metals: US import prices up 0.3% in July
This morning in metals news: the pace of the rise of U.S. import prices slowed in July compared with the previous month; meanwhile, Nucor completed the acquisition of an insulated metal panels business; and, lastly, U.S. steel prices continue to move upward. Want an occasional email from MetalMiner that highlights new content with NO sales […]
Rare Earths MMI: House representatives introduce bill proposing tax credit for domestic rare earth magnet production
The Rare Earths Monthly Metals Index (MMI) surged by 30.6% for this month’s reading, as this week a pair of House representatives — a Democrat and Republican — introduced legislation that proposed a tax credit for domestic production of rare earth magnets. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to […]
This Morning in Metals: Producer Price Index for final demand up 1.0% in July
This morning in metals news: the Producer Price Index (PPI) for final demand rose by 1.0% in July; ThyssenKrupp released its latest quarterly results; and, lastly, the Energy Information Administration released its latest Short-Term Energy Outlook earlier this week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay […]
China Molybdenum to invest $2.5B at Tenke Fungurume mine in DRC
Demand for cobalt is rising globally because of its use in electric vehicle batteries. As such, China Molybdenum (CMOC) is planning to invest as U.S. $2.51 billion to further augment output from its Tenke Fungurume mine in the Democratic Republic of the Congo (DRC), Reuters reported, citing the company’s announcement. More MetalMiner is available on […]
Tata Steel Europe mulls reline of blast furnaces at Netherlands plant
Tata Steel Europe is eyeing a refractory reline of one of the two blast furnaces at its IJmuiden works (Tata Steel Netherlands) in 2022, a source close to the company told MetalMiner. He declined to say either which of IJmuiden’s two furnaces – BF 6 or BF 7 – would undergo a refractory reline or […]
This Morning in Metals: Steel capacity utilization dips to 84.8%
This morning in metals news: the U.S. steel capacity utilization rate dipped to 84.8% for the week ending Aug. 7; BHP and the labor union representing workers at the Escondida mine reportedly extended contract talks by a day; and, lastly, nonfarm labor productivity rose by 2.3% in Q2 2021. Cut-to-length adders. Width and gauge adders. […]
Automotive MMI: Increased U.S. auto sales restrained
The Automotive Monthly Metals Index (MMI) rose by 3.6% for this month’s MMI reading, as U.S. auto sales rose in July. All the metals intelligence you need in one user-friendly platform with unlimited usage. Request a MetalMiner Insights platform demo. US auto sales General Motors reported last month that its second-quarter sales rose by 40% year […]
This Morning in Metals: Rio Tinto, Komatsu collaborate on zero-emission mining haulage solutions
This morning in metals news: Rio Tinto announced it is working with Komatsu to develop zero-emission mining haulage solutions; meanwhile, Norsk Hydro announced new investments in North America; and, lastly, U.S. steel prices continue to rise, although the pace of gains has slowed somewhat. You want more MetalMiner on your terms. Sign up for weekly […]
