While you may be busy putting the finishing touches on your Thanksgiving spread and, subsequently, taking a turkey-induced nap, you might find some time to revisit this week’s coverage, including industrial production figures, aluminum analysis and much more: October industrial production rose, per the Federal Reserve. LME aluminum prices continue to rise. The United States […]
Category: Metal Prices
This Morning in Metals: Norsk Hydro begins production restarts at Husnes B-line
This morning in metals news: Norsk Hydro recently resumed production at its Husnes aluminum plant; the Census Bureau recently released the latest data on new housing starts; and copper prices continue to rise. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Norsk Hydro resumes production at Husnes B-line Oslo-based […]
Global aluminum market in surplus, paced by rising Chinese production
As the World Bureau of Metal Statistics (WBMS) will tell you, the global aluminum market reached a surplus of 1,603 kt in the January to September 2020 period. That tripled the surplus of 480 kt recorded for the whole of 2019. Do you know the five best practices of sourcing metals, including aluminum? Global aluminum […]
World Platinum Investment Council releases bullish 2021 platinum report
The World Platinum Investment Council (WPIC) released a report this month with a bullish view of the platinum market in 2021. The WPIC is bullish on the basis of stronger investment demand and restricted production in South Africa. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Platinum in deficit […]
This Morning in Metals: Steel capacity utilization rate reaches 71.5%
This morning in metals news: the U.S. steel capacity utilization rate reached 71.5% last week; the Energy Information released its monthly energy review; and the nickel price continues to move upward. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up today. Steel capacity utilization rate hits 71.5% The U.S. […]
Copper in deficit as prices continue long-term surge
Earlier today we touched on aluminum prices — well, the copper price is similarly ascendant. The copper price has, as we’ve mentioned on multiple occasions, been supported by a recovering Chinese economy. Furthermore, according to data released Monday by the International Copper Study Group (ICSG), global copper production declined over the first eight months of […]
Aluminum prices rise despite increasing global primary aluminum output
As we noted yesterday, aluminum prices have continued to rise — this in spite of increasing global aluminum production. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Global aluminum production rises 3.5% According to the latest data from the International Aluminum Institute, global aluminum production rose 3.5% in October […]
This Morning in Metals: Aluminum price continues to surge
This morning in metals news: the LME three-month aluminum price has continued to rise in the leadup to the Thanksgiving holiday; Rio Tinto signed a new agreement to strengthen its partnership with China’s Tsinghua University; and, lastly, New York state is one of the U.S. leaders in renewable energy generation. Sign up today for Gunpowder, […]
Week in Review: Tata Steel looks to sell European assets; steel capacity rises; Nucor signs power purchase agreement
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 Tata Steel and its attempt to spin off its European assets, the U.S.’s rising steel capacity utilization rate, China’s economic recovery and its impact on metals prices, and much […]
This Morning in Metals: Anglo American signs 10-year deal for LNG-fueled vessels
This morning in metals news: miner Anglo American has signed a 10-year contract to add vessels fueled by liquefied natural gas, or LNG, to its fleet; jobless rates fell in 37 states in October; and copper prices retraced slightly. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete […]
