U.S. aluminum maker Century Aluminum announced last week it plans to expand production at its smelter in Sebree, Kentucky. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Sebree smelter — one of two Century Aluminum smelters in Kentucky, the other in Hawesville — has an annual production capacity of 220,000 tons. […]
Category: Metal Prices
This Morning in Metals: Trump, Xi Reach Agreement to Press Pause on New Tariffs
This morning in metals news, President Donald Trump and President Xi Jinping reached an agreement that at least temporarily puts a cap on the escalation of trade tensions, Chinese steel and iron ore prices rose on the news, and Chinese copper premiums hit an 18-month low. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Chinese Steel Market Slides
This morning in metals news, Chinese steel prices are dropping, Rio Tinto is leading the copper charge in Australia’s Great Sandy Desert and Asian aluminum prices are coming down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Steel Market Chinese steel prices are entering a bear market, according to […]
WBMS Report Shows Metal Deficits Can’t Fend Off Falling Investor Appetite
The World Bureau of Metal Statistics’ (WBMS) most recent press release makes for curious reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Covering as it does the first three quarters of this year, the January to September period, you could read the report and then ponder the recent price direction […]
This Morning in Metals: Tokyo Steel Announces Plate Price Increase
This morning in metals news, Tokyo Steel plans to raise plate prices, Rio Tinto says new aluminum capacity is needed outside of China and copper prices tick upward. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Plate Prices Rise Tokyo Steel plans to raise heavy plate prices by 2.5% in […]
The November MMI Report: Eight of 10 Subindexes Post Drops
The November Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This month’s report again saw a majority of the MMI subindexes post declines. Only the Global Precious and GOES MMIs increased, while the Rare Earths MMI held at the same level […]
This Morning in Metals: Nickel Falls to 11-Month Low
This morning in metals news, the nickel price has plunged to its lowest level in 11 months, Canadian Prime Minister Justin Trudeau spoke with President Donald Trump over the weekend regarding the U.S.’s steel and aluminum tariffs, and two train derailments appear to have had little impact on Australia’s iron ore sector. Need buying strategies […]
Stainless MMI: LME Nickel Prices, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) fell in November. The index moved back towards September 2017 levels (when it hit 67 points). The current index stands at 68 points. The drop came as a result of lower LME nickel prices and lower U.S. stainless steel surcharges. Need buying strategies for steel? Request your two-month […]
Week in Review: MMI Week, Tariff Waivers and Russian Sanctions
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook We kicked off our November MMI this week. In case you missed it, revisit our subindex recaps […]
Aluminum MMI: Prices Fall After Supply Concerns Ease
The November Aluminum Monthly Metals Index (MMI) fell this month back to June 2017 levels, before MetalMiner called a bull market for aluminum. The current Aluminum MMI index stands at 88 points, three points lower than last month’s reading. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices fell in October. […]
