This morning in metals news: Alcoa said it plans to restart its Alumar aluminum smelter in Brazil; meanwhile, the Energy Information Administration forecasts hydropower generation will fall by 14% this year; and, lastly, European automakers are looking to bypass China in their rare earths supply chains. Are you under pressure to generate aluminum cost savings? […]
Category: Metal Prices
Evergrande crisis — and China’s property market in general — could have significant impact on metals prices
Anyone following the financial papers cannot have failed to read lurid reports regarding China’s Evergrande construction company, which appears on the brink of collapse. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Chinese markets fall on Evergrande crisis Indeed, stock markets in […]
US steel capacity utilization dips to 84.9%
The U.S. steel capacity utilization rate fell slightly but remained at a healthy 84.9% for the week ending Sept. 18, the American Iron and Steel Institute reported this week. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Steel capacity utilization hits 84.9% […]
This Morning in Metals: Ford, Redwood to collaborate on closed-loop battery recycling, supply chain
This morning in metals news: Ford Motor Co. is collaborating with Redwood Materials on a closed-loop battery recycling and building out the domestic electric vehicle battery supply chain; Norway will expand natural gas exports to Europe; and, lastly, aluminum prices have slowed down after peaking Sept. 13. Many may be wondering how to set buying […]
Iron ore prices plunge as China curbs steel sector output
Chinese moves to clean up their heavy-polluting industrial sector has triggered a swift collapse in iron ore prices for the first time since July 2020. Prices last Friday and Monday dipped below the $100 per ton mark. According to a draft guideline released on Thursday, the Ministry of Ecology and Environment intends to monitor 64 […]
Global copper mine production up 4.9% in first half of 2021
Global copper mine production picked up by 4.9% during the first half of the year, the International Copper Study Group said this week. More MetalMiner is available on LinkedIn. Copper production gains Broken down further, concentrate production rose by 6.4% during the six-month period. Meanwhile, solvent extraction-electrowinning fell by 1.5%. Chile, the world’s top copper […]
Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum
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, including stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and […]
Chinese aluminum could be let off the hook of European anti-dumping measures
It is a curious insight into E.U. thinking when there is a clear case for anti-dumping duties only for them to be rowed back at the 11th hour after complaints from just two aluminum users and one importer. Do you know the five best practices of sourcing metals, including aluminum? Chinese aluminum and European anti-dumping […]
Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel
The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give […]
Global Precious MMI: Gold price bounces back in second half of August as dollar weakens
The Global Precious Monthly Metals Index (MMI) fell by 4.2% for this month’s reading, as the gold price took losses early in the month before bouncing back. More MetalMiner is available on LinkedIn. Gold price recovers The gold price bounced back after falling to around $1,730 per ounce in early August. From there, the U.S. gold […]