Like a sudden and overwhelming springtime rainstorm, aluminum prices, as many are no doubt aware, received a shock in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the news of U.S. sanctions targeting Russian companies and their owners — including Russian aluminum giant Rusal, the second-biggest aluminum producer in the world […]
Category: Metal Prices
Week in Review: Natural Gas, the U.S. Dollar and Utah Oil Sands
Before we head into the weekend, let’s take a look back at the week that was and some of the metals-related storylines here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook MetalMiner’s Stuart Burns took a look at the natural gas sector, which make be in for a shakeup […]
Aluminum Association Urges Trump Administration to Address Chinese Overcapacity
The Aluminum Association this week sent a letter to the Trump administration urging it to address Chinese overcapacity, as U.S. and Chinese officials are set to resume talks Wednesday and Thursday aimed at allaying trade tensions. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The trade group sent the letter to Treasury […]
The U.S. Dollar’s Softening Lifts Commodities Prices
The dollar dropped this week and stocks pulled back following comments early this week form President Trump that reversed earlier optimism over U.S.-China trade talks later this week. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to the Financial Times, the index tracking the U.S. dollar was down 0.3% at […]
This Morning in Metals: U.S. Steel Shipments Rise 3.2% Year Over Year
This morning in metals news, U.S. steel mills saw their shipments rise in June, Shanghai rebar steel prices hit a nearly seven-year high and copper recovers on optimism regarding U.S.-China trade talks. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Shipments Surge Shipments from U.S. steel mills rose 3.2% year […]
This Morning in Metals: U.S. Steel Announces $750M Investment in Gary Plant
This morning in metals, U.S. Steel announced a large investment at its flagship steel plant, the U.S. and China will resume talks on trade, and copper is set to finish the week with its biggest weekly loss since early July. U.S. Steel Announces $750M Investment U.S. Steel announced it plans to invest $750 million in […]
Copper Price Falls as BHP Says Deal is Reached to Avoid Escondida Strike
The breaking news this week is that Chile’s Escondida mine operator BHP has announced it looks like a strike has been averted and that a settlement plan is being put to the workers. That is good news for a market widely expected to go into deficit this year, according to Mining.com. But the prospect of […]
The August MMI Report: A Down Month for MMI Subindexes
The August Monthly Metal Index (MMI) report is in the books. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook This month saw all 10 of our MMI subindexes posting declines. U.S. steel prices continue to hover around seven-year highs, but the rest of the metals complex (more or less) has been […]
Russian Aluminum Giant Rusal Feels the Pain of Sanctions Crunch
The spike in aluminum prices this quarter, caused by the initial announcement of sanctions on Oleg Deripaska and his investments, is an issue anyone in the aluminum sector will be only too well aware of. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Prices spiked in days and were associated with a number […]
GOES MMI: GOES M3 Prices Slip in July
The headline news for grain-oriented electrical steel (GOES) involves the continued drop in total import levels into the U.S. The U.S. had imported at least 2,500 metric tons per month since the start of this year, but after the announcement of tariffs, imports shrank to 411 metric tons in July. However, some steel pundits speculate […]