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 […]
Category: Metal Prices
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 […]
China recovery drives metals prices, but what of 2021?
Industrial metals have had a good few months in Q3, in part due to a China recovery. It’s not a bull market, of course — we have called it a sideways market. However, it has been a pretty positive sideways market. Copper is up from $2.60/lb at the end of the European lockdowns to $3.20/lb […]
This Morning in Metals: Steel capacity utilization rises to 71.4%
This morning in metals news: the U.S.’s steel capacity utilization rate reached 71.4% for the week ended Nov. 14; a survey by INVERTO took a look at procurement trends during the COVID-19 pandemic; and steel prices continue to rise. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Capacity utilization […]
Week in Review: Copper price gains; gold’s one-day plunge; steel imports down 22%
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 the copper price, oil price gains and steel imports: The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental […]
Renewables/GOES MMI: Lynas records quarterly jump in neodymium-praseodymium output
The Renewables Monthly Metals Index (MMI) rose 2.0% for this month’s index value, as Lynas Corporation reported a rise in neodymium-praseodymium output during the most recent quarter. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a […]
Global Precious MMI: Gold price posts largest single-day loss in seven years
The Global Precious Monthly Metals Index (MMI) fell 2.2% for this month’s index reading, even as the gold price surged in late October. 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 […]
This Morning in Metals: U.S. steel imports down 22% through October
This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the second half of October. Want more from MetalMiner? We offer exclusive analyst […]