This morning in metals news, Antofagasta’s expansion of its Los Pelambres mine remains on care and maintenance during the coronavirus outbreak, copper prices gained to start the week, and Anglo American released an update on its operations during the pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
Category: Metal Prices
Construction MMI: February construction spending up 6% year over year
The Construction Monthly Metals Index (MMI) fell 8.0% this month.Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Week in Review: Oil prices plunge; auto sales slump in Q1; steel output up in February
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, including coverage of: oil prices, Section 232 steel tariffs, the gold market, PMI numbers, steel production and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
This Morning in Metals: Steel rebar imports from Turkey jump 451%
This morning in metals news, U.S. imports of steel rebar from Turkey surged during the first quarter of this year, the coronavirus outbreak is impacting the stainless steel market and investors are bullish about the long-term prospects of Brazilian miner Vale. – Get metal buying strategies and price alerts for 10 industrial metals. Request an […]
Automotive MMI: Sales slump as coronavirus outbreak spurs production shutdowns
The Automotive Monthly Metals Index (MMI) dropped 7% this month. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
South Africa’s 21-day lockdown disrupts chrome sector, delays stainless surcharge update
Sporadic reports of mine closures and special working arrangements have gathered momentum during March and into April, in some cases sparking fears of ore supply shortages. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Few places have had quite the profound impact that closures in South […]
This Morning in Metals: Ford delays planned restart of North American plants
This morning in metals news, Ford Motor Co. announced it would delay the planned restart of its North American operations, General Motors reported first-quarter sales and Allegheny Technologies Inc. (ATI) cited Section 232 tariffs in its decision to shutter its Midland, Pennsylvania operations. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly […]
Global crude steel production rises 2.8% in February
Despite the coronavirus outbreak’s widespread humanitarian and economic impact, steel production continued to chug along in February. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the World Steel Association, global crude steel production reached 143.3 million tons in February, up 2.8% compared with February […]
This Morning in Metals: U.S. steel capacity utilization rate hits 80.7%
This morning in metals news, the U.S. steel capacity utilization rate reached 80.7% for the year through March 28, steel industry workers in the Great Lakes region tested positive for the novel coronavirus (COVID-19) and copper clawed back some gains Tuesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
Under extraordinary conditions, physical gold prices at a disconnect with market prices
The usually highly liquid gold market hit turbulence last week as transport restrictions prevented contract settlement procedures at New York’s COMEX futures market. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The Financial Times reported the price of gold futures traded on COMEX and expiring this […]