The Automotive Monthly Metals Index (MMI) gained 3.3% for this month’s MMI reading, as October 2020 auto sales made gains on a new-vehicle retail basis. 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 […]
Category: Metal Prices
This Morning in Metals: Nickel price gains to start the week
This morning in metals news: the nickel price has gained to start the week; Reliance Steel and Aluminum Co. recently released its Q3 results; and, finally, the U.S. imported $19 billion in energy goods from Mexico last year. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
This Morning in Metals: Steel capacity utilization rate reaches 70.4%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ended Oct. 31 jumped to 70.4%; Cleveland-Cliffs said the Trump administration will take action under Section 232 vis-a-vis imports of laminations and imported grain-oriented electrical steel (GOES); and, finally, the LME three-month primary aluminum price picked up to start the […]
This Morning in Metals: Aluminum price retraces below $1,800/mt
This morning in metals news: The aluminum price retraced this week General Iron is building a new metal shredding home in Chicago Finally, the United States Geological Survey (USGS) reported estimates on undiscovered Gulf Coast Basin oil reserves The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Week in Review: Goldman Sachs bullish; steel capacity utilization nears 70%; copper output falls
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 Goldman Sachs is bullish on commodities, U.S. steel production, global copper mine production and more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]
This Morning in Metals: Could a Biden administration revisit tariffs on China?
This morning in metals news: Reuters reported Democratic presidential candidate Joe Biden could revisit the status of the U.S.’s tariffs on China imposed by President Donald Trump; miner Fortescue released its quarterly production report; and tin prices have retraced over the last week. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying […]
Aluminum can market fizzes amid struggle to meet surging demand
Aerospace may be down, automotive is coming back, albeit going through immense change from internal combustion engine (ICE) to electric vehicles (EVs), but one sector of the aluminum market that is brewing up a storm is the aluminum can market. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our […]
Copper mine production down but strike averted at Escondida
Global copper mine production fell 0.8% during the first seven months of 2020, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit of 255,000 metric tons during the period. Do you know the five best practices of sourcing metals, including copper? Copper mine production slips Although copper mine […]
U.S. steel sector’s capacity utilization rate rises to 69.7%
Continuing the theme of the last few months, the U.S. steel sector continued to make gains in capacity utilization last week. We know there are many popular steel contracting indices. But you shouldn’t use them all the time — sometimes they can favor the seller over the buyer. See why! Steel capacity utilization rises to […]
Week in Review: Airbus-Boeing saga; industrial production; Liberty’s Thyssenkrupp bid
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 Airbus–Boeing subsidy saga, industrial production, Liberty Steel’s bid for German firm Thyssenkrupp’s steel division and much more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides […]