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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:
Articles on: Metal Prices
Week in Review: U.S.-China tensions; aluminum prices; aerospace struggles
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- Industry News
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- Automotive, Commodities, Company News, Ferrous Metals, Metal Prices
This Morning in Metals: Copper prices surge this week
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- Industry News
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- Company News, Metal Prices, Non-ferrous Metals
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This morning in metals news, copper prices looked to be on their way to their largest weekly gain in over a year, U.S. Steel has begun the process of indefinitely idling its Lorain Tubular Operations and miner Freeport-McMoRan released its 2019 Annual Report on Sustainability.
This Morning in Metals: Constellium signs 10-year deal with Airbus
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Source: Constellium
This morning in metals news, Constellium has inked a long-term contract with plane manufacturer Airbus, the U.S. Department of Commerce has launched a Section 232 investigation related to imports of vanadium and Chinese rebar prices have reached a nine-year high.
Aluminum price is pulled this way and that on rising trader interest, supply glut
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- Market Analysis
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- Metal Prices, Non-ferrous Metals
Aluminum prices have been on an upward trend the last week or two, currently holding comfortably above $1,500 per ton for spot cash after months in the $1,400s.
The market, though, is undergoing convulsions.
U.S. steel mills post capacity utilization rate of 53.8% last week
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The U.S. steel sector operated at a capacity utilization rate of 53.8% for the week ending May 30, the American Iron and Steel Institute (AISI) reported.
This Morning in Metals: Hydro to launch JV for electric vehicle battery recycling
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This morning in metals news, aluminum maker Norsk Hydro recently announced the formation of a joint venture that will aim to recycle electric vehicle batteries, the Aluminum Association reiterated its stance on the need for an aluminum import monitoring system and a Dutch bank says gold prices are expected to drop.
This Morning in Metals: GM to ramp up production of pickups, SUVs
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Photo by Jeffrey Sauger for General Motors
This morning in metals news, General Motors is planning to increase production of its popular pickups and SUVs, U.S. Steel announced a long-term iron ore supply deal, and copper prices have made some gains today.
World Steel Association: April global crude steel production drops 13%
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Global crude steel production in April fell 13% compared to April 2019 production, the World Steel Association recently reported.
This Morning in Metals: U.S. steel imports down 20% this year
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- Industry News
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- Company News, Exports, Ferrous Metals, Imports, Metal Prices
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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.