This morning in metals news, Chinese iron ore futures fell to their lowest level in 10 weeks, JP Morgan weighed in on the impact of tariffs on U.S. consumers and Tokyo Steel has decided to hold its prices steady for September. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
Category: Metal Prices
This Morning in Metals: Layoffs Coming at U.S. Steel’s Great Lakes Works
This morning in metals news, U.S. Steel plans to lay off hundreds at its Great Lakes facility, miner BHP released its financial results for the fiscal year and copper prices pull back. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Layoffs Coming at U.S. Steel Plant A new round of […]
Aluminum Market is in Balance – For Now
Various sources are reporting both a slowing in demand growth and a fall in output for primary aluminum. So far this year, that combination has been led by a faster fall in output, pushing the market into a larger deficit position as the first half progressed. Buying Aluminum in 2019? Download MetalMiner’s free annual price […]
This Morning in Metals News: Trump ‘Not Ready’ to Make a Deal with China
This morning in metals news, President Donald Trump on Sunday said he is not ready to make a trade deal with China just yet, ArcelorMittal faces falling steel prices as it attempts to revive India’s Essar Steel and the Department of Commerce today added 46 Huawei affiliates to the Entity List. Need buying strategies for […]
This Morning in Metals: Turkish Military Pension Fund Reaches Tentative Deal to Buy British Steel
This morning in metals news, a Turkish military pension fund has reportedly reached a tentative deal to buy the ailing British Steel, copper prices held flat Friday and the latest round of tariffs could impact China’s ability to prop up its economy. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Week in Review: A Mining Dispute, MMI Week, and Stock Market Ups and Downs
Before we head into the weekend, let’s take a look back at the week that and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Stuart Burns on a tussle between Pakistan’s government and a mining company over development of a copper and […]
The August MMI Report: Six of 10 Indexes Post Declines
The August 2019 Monthly Metals Index (MMI) report is in the books. After a July in which seven of 10 MMI indexes moved upward, this month a majority of the indexes retraced. Six MMIs declined, three moved up and one held flat (the Copper MMI). A few highlights from this month’s round of MMI analyses: […]
Stainless MMI: Index Jumps Six Points on Nickel Price Surge
The Stainless Steel Monthly Metals Index (MMI) jumped six points for an August reading 75 on the back of strong nickel price gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Within the Stainless MMI basket, LME nickel prices increased the most once again this month, recording a 13% increase. […]
Renewables MMI: Glencore Plans to Halt Production at Mutanda Cobalt Mine
The Renewables Monthly Metals Index (MMI) fell four points this month for an August reading of 101. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore Shakes up Cobalt Market As covered by MetalMiner’s Stuart Burns, Glencore announced it would halt production by the end of the year at the world’s […]
Global Precious MMI: Gold Prices Soar Amid Latest Trade Jitters
The Global Precious Monthly Metals Index (MMI) picked up one point this month for an August MMI reading of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Time for Safe Havens Amid the latest jolt of trade uncertainty — namely, President Donald Trump’s intention to impose a 10% tariff on […]
