Category: Company News

Week in Review: Aluminum prices move sideways; GM announces rare earth magnet collaboration; copper prices consolidate

Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of aluminum prices, a General Motors collaboration with MP Materials aimed at developed a fully integrated U.S. rare earth magnet supply chain and much more: See why technical […]

Rare Earths MMI: GM, MP Materials reach rare earth magnets deal; MP to build Texas magnet factory

The Rare Earths Monthly Metals Index (MMI) rose by 11.3% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. GM, MP Materials to collaborate on rare earths magnet supply chain General Motors announced it will collaborate with MP Materials to develop a “fully integrated” U.S. supply chain […]

This Morning in Metals: GM to invest $51M in Indiana aluminum die casting foundry

This morning in metals news: General Motors will invest $51 million to install equipment at its Bedford, Indiana aluminum casting die foundry; nickel prices have gained this past month; and, lastly, the U.K. trade minister reportedly told the U.S. they could consider expanding tariffs on U.S. goods if the U.S. does not remove the Section […]

This Morning in Metals: Steel capacity utilization dips to 81.9%, steel prices down

This morning in metals news: steel capacity utilization fell to 81.9%; lead prices have lost ground this month; and, lastly, Liberty Steel announced the restart of its Georgetown, South Carolina plant. During the last MetalMiner webinar of 2021, the MetalMiner team will take a look ahead and overview price predictions for 2022. To attend, sign […]

Construction MMI: YTD construction spending up 7.5%; Nucor to build new rebar micro mill

The Construction Monthly Metals Index (MMI) fell by 6.1% for this month’s reading, as U.S. construction spending rose by 7.5% year over year in the first 10 months of the year. MetalMiner is hosting its final webinar of the calendar year tomorrow — Wednesday, Dec. 8 — during which the MetalMiner team will overview price predictions […]

Automotive MMI: Automotive sales remain constrained by limited supply

The Automotive Monthly Metals Index (MMI) dropped by 0.7% for this month’s reading. Stay up to date on MetalMiner with weekly updates – without the sales pitch.  US auto sales Ford Motor Co. reported November U.S. sales increased by 5.9% year over year to 158,793 vehicles. Total truck sales increased by 4.6%. Meanwhile, SUV sales […]

This Morning in Metals: Nucor to build rebar micro mill

This morning in metals news: Nucor Corporation announced plans to build a rebar micro mill; oil prices fell last week; and, lastly, tin prices have rallied. Each month this year, MetalMiner has hosted a webinar on a specific metals topic. The final webinar of 2021 is this Wednesday, Dec. 8, during which MetalMiner experts will […]

Week in Review: European hot rolled coil prices slide; Alcoa announces restart; oil prices fall

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: 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. Week of Nov. 29-Dec. 3 (hot rolled coil prices, Alcoa […]

This Morning in Metals: Tin prices on the rise

This morning in metals news: tin prices have surged; Norsk Hydro announced the end of a previously announced battery initiative; and, lastly, Cleveland-Cliffs is buying a ferrous scrap processor. Get social with us. Follow MetalMiner on LinkedIn. Tin prices gain As we noted earlier this week, news that Indonesia is considering a tin export ban […]

NLMK to boost Mill 2000’s capacity by 7% after reheating furnace overhaul

Novolipetsk Iron & Steel (NLMK) is undertaking at its main production site in Russia upgrade work on one of the slab reheating furnaces, which will see hot rolling Mill 2000’s capacity rise by 7%, the steelmaking group said. The planned work will push Mill 2000’s annual rolling capacity up by about to approximately 6.23 million […]

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