Japan’s Sumitomo Metal Mining Co., Ltd., the second-largest producer of copper in Japan unveiled its fiscal year 2019 production guidance on Monday (for the year beginning this month). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The company guidance calls for production of 420,000 tons of electrolytic copper. That total […]
Category: Company News
Rio Tinto Declares Force Majeure After Tropical Cyclone Veronica
Miner Rio Tinto declared force majeure on some contracts after Tropical Cyclone Veronica battered the western Australian coast last week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Rio Tinto’s iron ore operations in the Pilbara, Western Australia, are progressively resuming following the passing of Tropical Cyclone Veronica,” the company […]
This Morning in Metals: Chinese Steelmaking Cities to Extend Production Cuts
This morning in metals news, two major Chinese steelmaking cities will have to extend their winter output curbs, Russian aluminum maker Rusal has once again started shipping aluminum supplies to the U.S. market and iron ore on the Dalian Commodity Exchange surged to a seven-week high. Need buying strategies for steel? Request your two-month free […]
Week in Review: Brexit Saga Continues, a Section 232 Challenge and Steel Imports
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The prospect of a no-deal Brexit is inching closer and closer to reality. India’s steelmakers are facing an […]
This Morning in Metals: Nucor to Invest $1.35B for New Kentucky Steel Plate Mill
This morning in metals news, Nucor announced a major investment toward a new steel plate mill in Brandenburg, Kentucky, steel CEOs ask the Trump administration to maintain the Section 232 duty on steel, and copper prices moved up as U.S.-China trade talks resumed today. Need buying strategies for steel? Request your two-month free trial of […]
GM Announces $300M Investment Toward Production of New Chevrolet EV
General Motors last week announced it is planning to invest $300 million at a southeast Michigan assembly plant that will produce a new Chevrolet electric vehicle (EV). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “We are excited to bring these jobs and this investment to the U.S.,” GM Chairman […]
This Morning in Metals: Industry Groups Call for Removal of Aluminum Tariff
This morning in metals news, the Aluminum Association called for the removal of aluminum tariffs on Canada and Mexico, Norsk Hydro offered another update on its operations one week after it was hit by a cyber attack, and Vale SA’s 4Q 2018 iron ore output increased 8.2%. Aluminum Groups: Remove Aluminum Tariff Before Passage of […]
This Morning in Metals: Shanghai Copper Price Plunges
This morning in metals news, the price of copper on the SHFE fell, Australian iron ore exports are impacted by a cyclone and miner Vale SA halted operations at its Alegria iron ore mine. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Falls The Shanghai copper price dropped […]
Indian Steelmakers Grapple with Sanctions-Diverted Iranian Steel
As if cheap steel imports from the Association of Southeast Asian Nations (ASEAN) was not enough of a problem to handle, India’s steelmakers are now fretting over heavily discounted steel imports coming in from Iran, a country that is under economic sanctions imposed by the United States. Need buying strategies for steel? Request your two-month […]
Week in Review: New Hydro CEO, U.S. Mining in 2018 and Steel Production
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. mines had a productive 2018. Automaker Toyota announced it would be increasing its $10 billion U.S. […]
