President Donald Trump had scant regard, nor interest, in the impact his decision in 2018 to impose 25% import duties on steel products would have on other markets around the world — his focus was, reasonably enough, purely on the U.S.
Category: Metal Prices
This Morning in Metals: Aluminum Extruders Council demands end to aluminum import tariffs
This morning in metals news, the Aluminum Extruders Council has released a statement calling for the U.S. to rescind its aluminum import tariffs, U.S. raw steel production came in at a capacity utilization rate of 53.3% for the week ending June 6 and Thyssenkrupp plans to partners with RWE on technology aimed at curbing emissions […]
Global Precious MMI: Gold prices remain above $1,700/oz as U.S. states roll back COVID-19 restrictions
The Global Precious Monthly Metals Index (MMI) gained 1.7% this month.
Nickel price slow to follow the rest of the metals complex
As much of the rest of the base metals were lifted this week, nickel remained subdued. This comes despite an announcement by the Indonesian government that it would relax exports of many minerals but keep in place a ban on nickel ores.
Copper MMI: Copper price rally continues, rises to pre-coronavirus levels
The Copper Monthly Metals Index (MMI) increased 3.0% this month based on an increase in prices globally. LME copper prices continued to increase throughout May. The price finally broke $5,000/mt on June 5, meaning it, along with zinc and lead prices, is back to pre-pandemic levels.
Rare Earths MMI: DoD reverses decision to fund two U.S. rare earths separation facilities
The Rare Earths Monthly Metals Index (MMI) ticked up 4.8% this month.
Week in Review: U.S.-China tensions; aluminum prices; aerospace struggles
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: Copper prices surge this week
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.
Construction MMI: U.S. construction spending falls 2.9%, housing starts drop 30.2%
The Construction Monthly Metals Index (MMI) gained 2.9% this month.
This Morning in Metals: Constellium signs 10-year deal with Airbus
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.