This morning in metals news, a Chinese firm is poised to take over the insolvent British Steel, Chinese iron ore futures were down Monday and speakers at a recent convention in Budapest weighed in on the stainless steel market. Jingye to Buy British Steel After talks with Turkey’s Ataer Holding fell apart, Chinese firm Jingye […]
Category: Metal Prices
Amid Plunging U.S. Steel Prices, Has ‘Steelmageddon’ Arrived?
Editor’s Note: This article has been corrected to reflect the most recent AISI capacity utilization rates and the price delta between the ROW and the US. Judging by the plunging share price of steel producers and the collapse in steel prices from $1,006 per ton just over two years ago to $557 now, it would […]
Copper MMI: Copper Prices Rise; Mixed Demand Outlook Restrains Index Gains
The Copper Monthly Metals Index (MMI) increased slightly this month to 73, compared to last month’s value of 71, with all copper prices in the index increasing mildly. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Overall, the LME copper price moved up […]
Week in Review: Freeport-McMoRan’s AI Play, LME Reforms and India’s RCEP Decision
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of: Freeport-McMoRan’s use of artificial intelligence (AI), U.S. steel production, aluminum prices, U.S. automotive sales, construction spending and India’s decision to back away from the proposed RCEP trade […]
This Morning in Metals: Tariff Rollback Could Come if U.S., China Reach First-Phase Deal
This morning in metals news, tensions could ease between the U.S. and China on the tariff front, ArcelorMittal reported its third-quarter financial results and copper prices made gains this week. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S., China Could Roll Back […]
Rare Earths MMI: Lynas Corp. Inks MOU with Malaysia’s MARA Corporation
The Rare Earths Monthly Metals Index (MMI) dropped one point for a November MMI reading of 20. Lynas Signs Deal with Malaysia’s MARA Australia-listed rare earths firm Lynas Corporation, the largest rare earths firm outside of China, announced Nov. 4 it had signed a memorandum of understanding (MOU) with Malaysia’s MARA Corporation through which the parties […]
Construction MMI: U.S. Construction Spending Drops 2% YoY
The Construction Monthly Metals Index (MMI) retraced by one point this month, falling for a November MMI reading of 76. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Construction Spending U.S. construction spending in September ticked up compared with the previous month, according […]
Aluminum Prices Rising Despite Weak Demand
The aluminum price is a contrary thing, isn’t it? For months, aluminum prices have been falling on the basis that demand is waning due to slowing global growth (particularly in top consumer China). Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook China’s gross domestic product growth slowed again to 6.0% year over year […]
Aluminum MMI: Index Near Three-Year Low as LME Aluminum Trades Sideways
The Aluminum Monthly Metals Index (MMI) remained flat this month at 82, with the majority of prices in the index increasing mildly, offset by a few declining values. The current index value remains near a three-year low. Free Partial Sample Report: 2020 MetalMiner Annual Metals Outlook LME aluminum prices generally moved sideways in October but […]
Automotive MMI: GM Strike Ends After 40 Days; PSA, Fiat Chrysler to Merge
The Automotive Monthly Metals Index (MMI) ticked up one point for an MMI reading of 86. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Auto Sales As mentioned in previous reports, the top three automakers in the U.S. — General Motors, Ford and […]
