Two years ago, Indonesia instituted a ban on nickel ore exports. Now, it is contemplating banning exports of tin and copper ore, too. You want more MetalMiner on your terms. Sign up for weekly email updates here. Indonesia export bans prompt tin price surge Indonesian President Joko Widodo has been announcing from different forums that […]
Category: Exports
Could Russia’s aluminum export tax be coming to an end next month?
When news of Russia’s export tax on primary aluminum came out in the summer, it caused an increase in LME prices. More significantly, however, physical delivery premiums — such as the Midwest premium, the Rotterdam premium and the Main Japanese Port (MJP) premium — also increased. See why technical analysis is a superior forecasting methodology […]
This Morning in Metals: Nonfarm payroll employment rises by 194,000
This morning in metals news: U.S. nonfarm payroll employment rose by 194,000 jobs in September; meanwhile, U.S. Steel had another spill from a plant in Northwest Indiana; and, finally, U.S. gasoline exports reached seasonal highs in May, June and July. Get social with us. Follow MetalMiner on LinkedIn. Nonfarm payroll employment rises Nonfarm payroll employment […]
Russia’s 15% export duty hasn’t boosted flat-rolled prices as feared, traders say
Russia’s 15% export duty on steel has not impacted market prices for flat-rolled products, either coming into the European Union or rolled within the 27-member bloc, market participants told MetalMiner. “The Russian [steelmakers] are absorbing it completely,” one trading source said of the export duty. A second trader noted a similar situation. “The export tax […]
This Morning in Metals: Ford, Redwood to collaborate on closed-loop battery recycling, supply chain
This morning in metals news: Ford Motor Co. is collaborating with Redwood Materials on a closed-loop battery recycling and building out the domestic electric vehicle battery supply chain; Norway will expand natural gas exports to Europe; and, lastly, aluminum prices have slowed down after peaking Sept. 13. Many may be wondering how to set buying […]
This Morning in Metals: U.S. Steel expects Q3 to be ‘quarter of records’
This morning in metals news: U.S. Steel released its third-quarter guidance yesterday; U.S. petroleum exports just edged out imports in the first half of the year; and, lastly, unemployment rates fell in 15 U.S. states in August. You want more MetalMiner on your terms. Sign up for weekly email updates here. U.S. Steel releases Q3 […]
Rare Earths MMI: Lynas Malaysia rare earths processing plant continues to operate at reduced rates
The Rare Earths Monthly Metals Index (MMI) dropped 8.5% for this month’s reading. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Lynas updates on Malaysian operations Lynas Rare Earths Ltd. last month offered an update on its processing operations in Malaysia. The plant is operating at reduced rates due to the […]
This Morning in Metals: New orders for manufactured goods rise in July
This morning in metals news: new orders for manufactured goods posted an increase in July from the previous month; meanwhile, U.S. productivity rose by 2.1% in Q2 2021; and, lastly, the U.S. goods and services trade deficit fell from June to July. Want MetalMiner directly in your inbox? Sign up for weekly updates now. New […]
This Morning in Metals: US import prices up 0.3% in July
This morning in metals news: the pace of the rise of U.S. import prices slowed in July compared with the previous month; meanwhile, Nucor completed the acquisition of an insulated metal panels business; and, lastly, U.S. steel prices continue to move upward. Want an occasional email from MetalMiner that highlights new content with NO sales […]
This Morning in Metals: China raises export tariffs for steels
This morning in metals news: China opted to increase export tariffs on some steel products; meanwhile, Glencore released its first-half production results; and, lastly, U.S. personal income increased slightly in June. Want MetalMiner directly in your inbox? Sign up for weekly updates now. China boosts steel export tariffs China has raised export tariffs for some […]
