This morning in metals news: German firm Aurubis AG announced plans to construct a new metals recycling plant in the U.S.; meanwhile, U.S. natural gas storage levels are down this month; and, lastly, U.S. job openings closed September at 10.4 million. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly updates – […]
Category: Company News
This Morning in Metals: China auto sales drop 9.4% year over year
This morning in metals news: auto sales in China fell by 9.4% on a year-over-year basis; meanwhile, Norsk Hydro is exploring new renewable hydrogen projects; and, lastly, ArcelorMittal reported its Q3 2021 results, including its strongest net income figure since 2008. MetalMiner has launched a full suite of precious metals as part of the MetalMiner […]
Rare Earths MMI: Greenland parliament vote effectively halts Kvanefjeld rare earths project
The Rare Earths Monthly Metals Index (MMI) rose by 10.4% this month. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Greenland parliament bans uranium mining, exploration Earlier this year, we touched on the snap elections in Greenland, where the victorious left-wing Inuit Ataqatigiit party ran in opposition to the promising Kvanefjeld […]
Strong aluminum market reflected in stellar Novelis results
Aluminum buyers just about everywhere have suspected their suppliers have been making the most of a tight market to maximize their returns this year. Those fortunate enough to have fixed aluminum prices for the year back in early 2021 will be anxiously looking at 2022 renewals. The majority, however, will be licking their wounds following […]
Automotive MMI: Limited inventory continues to hamper auto sales
The Automotive Monthly Metals Index (MMI) ticked up by 4.2% for this month’s reading. Make sure you are following the five best practices of sourcing aluminum. US auto sales Ford Motor Co. reported total U.S. sales of 175,918 vehicles in October. The October total sales figure marked a 4.0% year-over-year decline. Retail sales fell by 3.8% […]
Week in Review: Aluminum prices plunge; U.S., E.U. reach Section 232 deal; magnesium shortages add to supply chain woes
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: MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. This includes a complete suite of catalytic converter precious metals, which are particularly useful […]
This Morning in Metals: Oil prices fall to four-week low
This morning in metals news: oil prices fell to their lowest since early October; Anglo American said it aims to achieve carbon-neutral shipping by 2040; and, lastly, stainless steel producer Outokumpu announced its Q3 2021 results. MetalMiner has launched a full suite of precious metals as part of the MetalMiner Insights platform. This includes a […]
This Morning in Metals: U.S. Steel reports Q3 net earnings of $1.5B
This morning in metals news: U.S. Steel reported its third-quarter earnings; new orders for manufactured goods increased in September; and, lastly, unemployment rates in September fell in 386 of 389 metropolitan areas. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. U.S. Steel reports Q3 earnings U.S. Steel reported […]
Tata Steel Europe starts up new equipment at UK, Netherlands sites
Tata Steel Europe is hot starting a new power plant at its Port Talbot plant, in Wales, which will cut CO2 emissions by almost 44,000 metric tons per year, the company said. Are you under pressure to generate steel cost savings? Make sure you are following these five best practices. Tata Steel generator carries £37M […]
Week in Review: China’s property market; oil prices; aerospace aluminum demand
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 whether oil prices can hit $100 per barrel this year, a potentially rapid recovery for aerospace aluminum demand and much more: We’re offering timely emails with exclusive analyst commentary […]
