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 a fall in commodity prices, aluminum market supply and much more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top […]
Category: Metal Prices
This Morning in Metals: MetalMiner webinar delves into the aluminum market
This morning in metals news: in case you missed it, on-demand video of MetalMiner’s monthly webinar session is available, which this Thursday covered aluminum; U.S. personal income decreased in May; and, lastly, unemployment rates fell in 21 states and the District of Columbia in May. We’re offering timely emails with exclusive analyst commentary and some […]
US steel imports dip in May, paced by drop in blooms, billets and slabs
U.S. steel imports fell to 2.3 million metric tons in May, the Census Bureau reported. The May import total marked a slight dip from the 2.4 million metric tons imported in April. Do you know the five best practices of sourcing metals, including steel? Steel imports decline in May U.S. steel imports fell to 2.3 […]
The steel market in both the United States and Europe continues to experience supply constraints
The steel market is running two diverging narratives. In the U.S., the market remains extremely tight. Mill lead times are out to the end of this year. Furthermore, prices are set to stay high into 2022. The situation is not dissimilar in Europe. In Europe, the steel market is seeing a similar post-pandemic bounceback, supply […]
During Q1, global copper mine production increased by 3.7%.
Global copper mine production rose by 3.7% in the first quarter of 2021, the International Copper Study Group (ICSG) reported this week. The group estimated an apparent global copper surplus of 130,000 metric tons. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Copper mine production gains […]
The aluminum shortfall could potentially turn into a surplus later this year.
However you slice and dice the statistics — and there are numerous ways stats can be sliced and diced — the global aluminum market is tight. Whether we look at primary ingot, extrusion billet or rolling slab intermediates, or semi-finished sheets/plates, tubes and extrusions mill lead times are long and conversion premiums are high. Meanwhile, […]
Summary of the Week: Boeing-Airbus Conflict, Copper Price Trends, and Stainless Steel Demand
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: Stop obsessing about the actual forecasted nickel price. It’s more important to spot the trend. See why. Week of June 14-18 (Boeing-Airbus dispute, copper prices and much more) What will Britain’s trade […]
China suggests it could release state reserves of base metals
It would seem Beijing only has to speak and the market reacts — this time, it’s about base metals. Worried by what it sees as excessive inflation in commodity prices, which it fears will lead through into factory gate increases, China warned speculators last month over “excessive speculation.” The warning from China’s National Food and […]
This Morning in Metals: US consumed record amount of renewable energy in 2020
This morning in metals news: the U.S. consumed a record amount of renewable energy in 2020; U.S. housing starts jumped in May; and the copper price has been on the decline since peaking last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each […]
Stainless MMI: Stainless steel demand expected to keep increasing
The Stainless Monthly Metals Index (MMI) increased by 4.3% for this month’s reading, as stainless steel demand is likely to continue to grow in the years ahead. Do you know the five best practices of sourcing metals, including stainless steel? Increasing stainless steel production, demand According to International Stainless Steel Forum (ISSF) data, stainless steel […]
