This morning in metals news, copper prices were up Friday but expected to be down for the week, Rusal says the aluminum market recovery could stretch into next year and JW Aluminum’s CEO weighed in on potential impacts of the COVID-19 pandemic on U.S. businesses’ sourcing strategy.
Category: Company News
Renewables/GOES MMI: First Cobalt releases positive feasibility study for North American cobalt plant
The Renewables Monthly Metals Index (MMI) fell 1.0% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) First Cobalt, Glencore to open North American cobalt supply plant Canadian firm First Cobalt and miner Glencore plan to bring a new cobalt plant to North America, one that will supply the electric vehicle sector, the […]
This Morning in Metals: E.U. could slap anti-dumping tariffs on Turkish steel
This morning in metals news, the E.U. could slap new duties on steel imported from Turkey, Australian energy exports to China have surged and union representatives questioned Alcoa’s efforts to keep its Ferndale, Washington smelter running.
This Morning in Metals: Ford to restart U.K. operations May 18
This morning in metals news, Ford plans to restart its operations in the U.K. on Monday, Glencore comments on the COVID-19 crisis’ impact on copper and a Chilean industry group forecast a copper surplus of 200,000 tons this year.
Copper MMI: Copper prices show tentative signs of bounce-back
The Copper Monthly Metals Index (MMI) moved up 4.8% this month.
This Morning in Metals: Copper prices rise to eight-week high
This morning in metals news, copper prices have made gains, some General Motors parts plants will resume production this week and the Pilbara Ports Authority reported port data for April.
ArcelorMittal reports Q1 net loss of $1.1B, suspends dividend payments
Steelmaker ArcelorMittal late last week released its Q1 2020 financial results, reporting a net loss of $1.1 billion amid challenges stemming from the COVID-19 crisis.
Week in Review: Challenges ahead for shipping; automakers prep restarts; aluminum prices
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: automotive sales, U.S. construction spending, aluminum prices on the SHFE and LME, and gold’s growing premium over silver. Looking for metal price forecasting and data analysis in […]
Global Precious MMI: Gold prices hold steady after grim April jobs report
The Global Precious Monthly Metals Index (MMI) dropped 1.7% this month. Gold prices steady around $1,700/ounce With some states beginning to reopen and ease restrictions put in place to curb the spread of COVID-19, interest in gold as a safe-haven asset has picked up. After falling below $1,500 per ounce in March, the gold price […]
This Morning in Metals: Ford, General Motors target May 18 for phased restart
This morning in metals news, General Motors aims to begin a phased restart of production at its North American facilities May 18, Ford said its parts distribution centers will resume full operations May 11 and Fiat Chrysler reported a first-quarter net loss of €1.7 billion.
