This morning in metals news, China’s aluminum production through the first two months of the year was up despite the coronavirus outbreak, Rio Tinto offered an update on measures being undertaken at the Oyu Tolgoi project and the Federal Reserve has cut rates to nearly zero. Looking for metal price forecasting and data analysis in […]
Category: Metal Prices
Coronavirus outbreak hammers share prices more than commodities
Those of us who are just passive investors in the stock market, usually via our pension plans, have no doubt been horrified by the meltdown in stock prices and what feels like the daily destruction of our savings. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! […]
Week in Review: COVID-19 impacts; Trump’s travel suspension; cobalt mine production
Before we head into the weekend, let’s take a look back at the week that was and some of the coverage here on MetalMiner, including: Tesla’s reported interest in cobalt-free batteries; the oil price crash; falling aluminum prices; supply-chain challenges amid the COVID-19 outbreak; Trump’s travel suspension; and global cobalt mine production: Looking for metal […]
This Morning in Metals: Precious metals prices take a tumble
This morning in metals news, precious metals prices have taken a hit, Washington state repealed a tax break that had benefited Boeing and the Pilbara Ports Authority released February shipping data. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Precious metals tumble Earlier this week, we […]
Renewables/GOES MMI: Tesla in talks to use cobalt-free batteries
The Renewables Monthly Metals Index (MMI) dropped one point for a March MMI reading of 97. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
This Morning in Metals: Trump clarifies coronavirus-related travel suspension
This morning in metals news, President Donald Trump said the travel suspension announced Wednesday night does not include trade (despite seeming to indicate as much during his televised speech Wednesday night), shareholders have approved the merger agreement for Cleveland-Cliffs and AK Steel, and Cleveland-Cliffs’ CEO said a tariff loophole could lead him to close a […]
Indian steel sector could step in as alternate supply chain link as world grapples with coronavirus
Experts in India are of the opinion that the outbreak of the novel coronavirus, COVID-19, presents an opportunity for India to become an alternate supply chain to China in metals, especially steel. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! TV Narendran, Tata Steel’s chief executive […]
Copper MMI: Mixed price movements hold index sideways
The Copper Monthly Metals Index (MMI) held at a value of 70 this month based on a mix of mild price changes globally. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo LME copper prices traded sideways during most of February, following late January’s […]
This Morning in Metals: U.S. steel imports plunge in February
This morning in metals news, the U.S.’s steel import levels were down by nearly half in February, Norsk Hydro’s Albras aluminum plant in Brazil recently experienced a power failure and General Motors recently revealed new developments in its overall electric vehicle (EV) strategy. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Aluminum MMI: Demand weakness leads to further price deterioration
The Aluminum Monthly Metals Index (MMI) dropped three points once again, falling to 80 this month. Request a 30-minute demo of the MetalMiner Insights platform now. After holding sideways for most of February, LME aluminum prices once again grew weaker later in the month. Prices hit new short-term lows as of early March.