The Automotive Monthly Metals Index (MMI) held flat this month, holding for a reading of 96 for our October MMI. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors, which now reports sales on a quarterly basis, reported a Q3 year-over-year sales decline of 11%. “The U.S. […]
Category: Metal Prices
China is Taking a Breather in its War on Smog This Winter
In recent years China’s steel sector — particularly the large, state-owned steel mills — have benefited from the enforced closure of capacity on environmental grounds during the winter heating season. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Contrarian as it may at first sound, closure of private mills largely […]
Zinc on the Brink of New Beginnings
An article in The New York Times makes a compelling case for why we may be looking at zinc as an exciting technology metal in years to come (rather than its traditional image as the galvanizing metal that stops steel from rusting). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Week in Review: Tariffs, Brexit and Excess Steel Capacity
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 Sohrab Darabshaw weighs in on India’s approach to U.S. tariffs. What’s the latest with Brexit? Stuart Burns […]
This Morning in Metals: Copper, Aluminum Prices Drop on News of China’s Adjusted Winter Capacity Cuts
This morning in metals news, copper and aluminum prices drop, Japanese steel exports fall and the U.S. and Canada still remain without a new deal vis-a-vis North American Free Trade Agreement (NAFTA) renegotiation efforts. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Copper, Aluminum Prices Fall on Scaledown of China’s Winer Cuts Copper […]
This Morning in Metals: $80 Oil and Energy Infrastructure Investment
This morning in metals, Shell’s chief executive says $80 oil is good for energy infrastructure investment, China’s Baowu is reportedly in talks to acquire a rival and base metals prices dropped on Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook $80 Oil? Shell CEO Says It’s Not Unreasonable In […]
This Morning in Metals: Copper Near 10-Week High Despite Trade Tensions
This morning in metals news, copper prices approached a 10-week high, trade tensions continue to rise between the U.S. and China, and an Australian coal miner boasts a $4.4 billion IPO. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Hover Near 10-Week High Even with trade tensions weighing […]
This Morning in Metals: USTR Questions Global Steel Forum’s Ability to Deliver Capacity Cuts
This morning in metals news, the Office of the United States Trade Representative (USTR) dished out criticism for a global steel forum and its efforts toward curbing excess steel capacity, Chinese steel rebar prices are up and Walmart warns tariffs could result in price increases. Need buying strategies for steel? Request your two-month free trial […]
Norsk Hydro Backs Out of Deal to Buy Rio’s Icelandic Smelter
The aluminum market is facing much more uncertainty now than it was in February 2018 when Norsk Hydro agreed with Rio Tinto to buy the 205,000-ton-per-year capacity ISAL aluminum smelter, located in Hafnarfjörður, Iceland. According to the Financial Times, that deal included the balance 53.3% share in the Aluchemie anode plant in the Netherlands that Hydro […]
The September MMI Report: Seven of 10 Subindexes Drop
The September Monthly Metal Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The month saw seven of our 10 MMIs posting declines, with two staying put and one increasing (Construction). A few highlights from this month’s report: U.S. Midwest aluminum premiums fell for […]