China’s increased appetite for iron ore has become a problem for neighbor India. In the first four months of 2021, ore exports from India increased by 66% to 22.42 million tons (MT). As much as 90% of this went to China, according to Business Today. Each month, MetalMiner hosts a webinar on a specific metals […]
Category: Metal Prices
Week in Review: Section 232 tariffs; metals prices pull back; China warns commodity speculators
Before we head into the weekend, let’s take a look back at the week that was here on MetalMiner, which included coverage of the Section 232 tariffs, the recent metals price pullback, China’s warning to commodity speculators and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
Global copper mine production up 3.5% through first two months of 2021
Global copper mine production rose by 3.5% through the first two months of the year, the International Copper Study Group reported. Furthermore, copper concentrate production rose by 5% during the period, while solvent extraction-electrowinning fell by about 3%. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
EPI white paper: Section 232 boosted aluminum industry investment, jobs
Over three years later, analysis, assessments and calls for removal or maintenance continue to pour in with respect to the former Trump administration’s Section 232 tariffs on steel and aluminum. In 2018, former President Donald Trump used Section 232 of the Trade Expansion Act of 1962 to impose tariffs on steel and aluminum of 25% […]
This Morning in Metals: May new-vehicle retail sales on pace for record
This morning in metals news: new-vehicle retail sales are on pace to hit their highest total ever for the month of May, according to J.D. Power and LMC Automotive; meanwhile, new orders for manufactured durable goods declined in April after 11 straight months of gains; and, lastly, LME aluminum has backtracked over the last two-plus […]
Global crude steel output in April dips from previous month but up 23.3% year over year
Global crude steel production dipped to 169.5 million metric tons in April, down slightly from the previous month, the World Steel Association reported this month. Production in March had reached 170.1 million metric tons. Meanwhile, April output increased 23.3% year over year, up from 137.5 million metric tons in April 2020. Each month, MetalMiner hosts […]
This Morning in Metals: Chinese steel prices take a tumble
This morning in metals news: Chinese steel prices have plunged early this week following Beijing’s weekend warning to commodity speculators; MetalMiner is hosting its monthly webinar tomorrow, May 27, at 11:30 a.m. CDT; and the US Census Bureau released data on April steel imports. Get social with us. Follow MetalMiner on LinkedIn. Chinese steel prices […]
Copper prices to see out 2021 at lower levels — but higher prices coming in meantime
The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner. “It’s sentiment-driven,” one analyst said about current prices for the base metal and the prospect for increases in them over the year. Each month, MetalMiner hosts a […]
Beijing’s warning to speculators sends metals prices falling
China’s “zero tolerance” warning to commodity speculators over the weekend sent prices of some metals and iron ore tumbling. A meeting held on Sunday between at least five government departments, including the the National Development and Reform Commission (NDRC), concluded that the fight against hoarders and speculators leading to soaring commodities prices would be taken […]
This Morning in Metals: US steel capacity utilization dips slightly to 79.0%
This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a […]