This morning in metals news: U.S. Steel sold the Keystone Industrial Port Complex for $160 million; ArcelorMittal and Nippon Steel will build a new electric arc furnace at their joint venture in Alabama; and, finally, the aluminum price has retraced slightly in December. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what […]
Category: Metal Prices
Global copper mine production drops 1% as prices continue to soar
Global copper mine production during the first nine months of the year fell 1%, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit of 387,000 metric tons during the period. DO NOT miss out…join the MetalMiner LinkedIn group today for news on aluminum, steel and copper (oh my!). […]
Chinese steel scrap imports could be market mover in 2021
There has been quite a bit of analyst chatter about the likely impact of China’s return to the steel scrap market next year. In 2019, the authorities essentially banned steel scrap imports. The move came, in part, because many of the grades were classified as waste. However, of late the rumor is China will be […]
Week in Review: Organic molecules and machinability; gold prices; allocation market for steel
Before we head into the penultimate weekend of 2020, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including: research findings related to organic molecules’ impact on machinability; gold prices; and the arrival of an allocation market for steel-buying organizations, as explained by MetalMiner CEO […]
This Morning in Metals: Rio Tinto commits $10M toward low-carbon steelmaking research partnership with Baowu
This morning in metals news: Rio Tinto has committed $10 million toward its research partnership with China’s Baowu Steel Group; meanwhile, Freeport McMoRan completed the sale of an undeveloped project in the Democratic Republic of the Congo; and, lastly, copper remains at an over seven-year high. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident […]
Renewables/GOES MMI: New wind, solar capacity to come onstream
The Renewables Monthly Metals Index (MMI) gained 7.8% for this month’s index value. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. EIA: U.S. to add wind, solar capacity to electricity generation mix While an overwhelming majority […]
Global Precious MMI: Gold price surged during pandemic, but what’s in store for 2021?
The Global Precious Monthly Metals Index (MMI) gained 1.5% for this month’s index value, as the gold price has lost some of its gains from the summer. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Gold price gains MetalMiner’s Stuart Burns recently checked in on the gold price and […]
This Morning in Metals: MetalMiner December Annual Outlook update is out
This morning in metals news: the MetalMiner December update to the Annual Outlook report is now out; the U.S. steel capacity utilization rate fell to 70.9% for the week ended Dec. 12; and Alcoa last month announced plans to sell its rolling mill business. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing […]
Rare Earths MMI: European Raw Materials Alliance aims to strengthen rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) surged 26.9% for this month’s reading. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021 — including expected average prices, support and […]
Gold has surged during the pandemic, but what does 2021 look like?
The gold price has been on the rise during the pandemic this year. As infections rise, vaccines loom on the horizon and economies gradually recover, what do we expect from the gold price in 2021? Gold price bulls The bulls are predicting a resurgence in the price to U.S. $2,300 per troy ounce in 2021. […]
