This morning in metals news: the Aluminum Association of Canada reported the country’s aluminum exports to the U.S. have declined; Great Lakes region steel production is down this year; and the International Tin Association commented on Yunnan province’s tin stockpiling initiative.
India’s sponge iron manufacturers have appealed to the federal government to restrict the exports of iron ore pellets.
Such a move would help cut the price of steel and increase consumption in the domestic market.
While small beer compared to the U.S.’s trade war with China, the growing dispute between Washington and Brussels over subsidies by aircraft makers is likely to develop into an escalating series of tit-for-tat measures this year.
Week in Review: U.S. hits wind power records; China’s semi-finished aluminum exports drop; Tesla makes cobalt deal
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:
This morning in metals news, U.S. imports of steel were down 20% through the first four months of the year, a primary aluminum production plant in Brazil part-owned by Norsk Hydro is restarting after an earlier power outage and China is importing U.S. copper concentrate after Chinese companies won tariff relief.
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner:
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of: copper prices, the automotive sector’s push to restart production, oil prices and more.
- ArcelorMittal reported its Q1 2020 earnings.
- MetalMiner’s Stuart Burns on the U.S.’s aluminum tariff system.
- Copper prices made some gains in April.
- Updates on the steel sector.
- Don’t expect oil prices to recover to pre-coronavirus levels anytime soon.
- Burns on going “back to work” in the U.K.
- The Stainless MMI ticked up 4.8% this month.
- First Cobalt announced a positive feasibility study for a proposed cobalt refinery in North America.
- India’s steel sector is not happy about a rise in the country’s iron ore exports.
The rising exports of iron ore, especially pellets, from India has put steel manufacturers and exporters at loggerheads.
According to official figures, India’s ore exports between January and March 2020 were 8.9 million tons against 2.0 million tons during the same period last year. In fiscal year 2020, exports were at 25.14 million tons, up from 16.2 million tons the previous year.
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, including coverage of: copper production; aluminum tariff exclusion reform; the nickel market; global steel production; and much more.
This morning in metals news, Arconic Corporation announced it expects to resume operations at its Tennessee facility this week, BHP is looking to expand its iron ore exports from the Port Hedland terminal and China Baowu Steel Group surpassed ArcelorMittal in 2019 as the world’s top steel producer.