This morning in metals news: copper prices have stabilized over the last month; U.S. natural gas prices have surged to their highest level since 2014; and, lastly, Cleveland-Cliffs released its second-quarter results. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop […]
Category: Company News
This Morning in Metals: Global aluminum production rises in June
This morning in metals news: global aluminum production rose in June compared to last year, the International Aluminum Institute reported; Ford of Europe reported its Q2 sales; and, lastly, June electricity demand surged amid a heat wave in the Pacific Northwest. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming […]
Improved economic activity boosts NLMK’s H1 operational results
Novolipetsk Steel (NLMK) reported a 10.8% increase year over year in its crude production for H1 2021. The steelmaker benefited from stronger demand, as economies in Russia and abroad restarted economic activity, the group said. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and […]
This Morning in Metals: Rio Tinto reports Q2 production results
This morning in metals news: Rio Tinto reported its Q2 production results; U.S. unemployment rates were down in seven states in June; and, lastly, the U.S. once again led the way in petroleum and natural gas production last year. You want more MetalMiner on your terms. Sign up for weekly email updates here. Rio Tinto […]
This Morning in Metals: US import prices rise by 1.0% in June
This morning in metals news: import prices rose by 1.0% in June; Saudi Arabia and the United Arab Emirates have reportedly reached a deal to resolve their recent oil output spat; and, lastly, Norsk Hydro recently announced the restart of its aluminum extrusion plant in Sjunnen, Sweden. Receive the latest short-term and long-term outlook for […]
Renewables/GOES MMI: Cobalt prices bounce back in June, early July
The Renewables Monthly Metals Index (MMI) dropped by 0.8% for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Cobalt price bounces back Last month, we noted a plunge in […]
This Morning in Metals: ArcelorMittal aims to make Sestao zero-carbon-emissions steel plant
This morning in metals news: ArcelorMittal said it plans to make its Sestao plant zero carbon emissions; meanwhile, the Producer Price Index for final demand increased by 1.0% in June; and, lastly, U.S. steel prices continue to rise. You want more MetalMiner on your terms. Sign up for weekly email updates here. ArcelorMittal announces aim […]
This Morning in Metals: Consumer Price Index up 0.9% in June
This morning in metals news: the Consumer Price Index (CPI) for All Urban Consumers increased by 0.9% in June, the Bureau of Labor Statistics reported today; meanwhile, U.S. crude oil production efficiency increased in the Bakken region in 2020; and, lastly, North American Stainless experienced a production slowdown late last week. The MetalMiner Best Practice […]
Rare Earths MMI: Contract signing establishes emerging US-EU rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) fell 2.7% for the July MMI reading. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. First shipment establishes new US-EU rare earths supply chain Energy Fuels Inc. and Neo Performance Materials […]
Stainless MMI: ATI, USW reach tentative agreement to end strike
The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing […]
