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 […]
Category: Company News
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 […]
This Morning in Metals: Novelis announces $375M expansion of automotive sheet operations in China
This morning in metals news: Novelis announced it will invest $375 million to expand its automotive sheet production and recycling operations in China; Glencore released its Q3 production report; and, lastly, U.S. steel imports jumped by 16% month over month in September. Are you under pressure to generate aluminum cost savings? Make sure you are […]
This Morning in Metals: Real GDP gains 2.0% in Q3, per BEA estimate
This morning in metals news: real GDP increased by 2.0% in Q3 2021, according to an estimate from the Bureau of Economic Analysis; Ford Motor Co. released its Q3 results; and, lastly, several base metals prices have continued to retrace after surging earlier this month. Want MetalMiner directly in your inbox? Sign up for weekly […]
This Morning in Metals: US trade deficit jumps 9.2% in September
This morning in metals news: the U.S. trade deficit in September jumped 9.2% from the previous month; meanwhile, Rio Tinto is partnering with Carbfix on carbon capture and storage technology; and, lastly, Norsk Hydro is investing in a new automotive extrusion press in China. Each month, MetalMiner hosts a webinar on a specific metals topic. […]
Nippon Steel files lawsuits against Toyota, Baosteel alleging patent infringement
Nippon Steel Corp. this month filed lawsuits against Toyota Motor Corp. and Baoshan Iron and Steel, alleging “infringement of Nippon Steel’s patent relating to non-oriented electrical steel sheets.” The lawsuit is a rare clash between the former two companies, as Nippon is a major supplier to Toyota. Nippon is already grappling with rising raw material […]
This Morning in Metals: Sibanye-Stillwater to acquire Brazil copper, nickel mines
This morning in metals news: Sibanye-Stillwater will acquire copper and nickel mines in Brazil for $1 billion; meanwhile, General Motors announced plans to expand access to electric vehicle charging stations; and, lastly, sales of single-family homes increased in September. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. […]
Aircraft aluminum demand likely to come back faster than previously thought
Few would argue that semiconductor shortages have hampered automotive output. Earlier in the year, automakers temporarily shuttered factories, cutting into output. According to Toyota, it would slash worldwide vehicle production by 40% in September because of the shortage. Globally, the market lost some 2 million vehicles due to chip shortages. As a result, automotive aluminum […]
