This is a crucial time of year in the world of metals: contracting season. It also means it’s time for something else: the MetalMiner 2021 Annual Outlook report. This past year has been marked by volatility, a situation that is not likely to change over the coming year. For industrial metal buying organizations, that means […]
Category: Metal Prices
Copper is outperforming other metals
A fair part of the bull story for copper this year has been supply-side fears. The world’s largest mines are in South America, which has suffered from catastrophic levels of coronavirus infections. True, China’s recovery has played a role in the booster’s case. So have the role of copper in the growing electric vehicle (EV) […]
This Morning in Metals: India to limit copper, aluminum imports
This morning in metals news: India is looking to curb its imports of copper and aluminum; Rio Tinto and Turquoise Hill reached a financing agreement for the Oyu Tolgoi underground mine project; and Germany’s steel industry needs state aid. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. India targets […]
U.S. steel sector capacity utilization rate rises two percentage points
After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior […]
This Morning in Metals: Copper prices gain momentum
This morning in metals news: copper prices gained momentum Wednesday; the rival of German steelmaker Thyssenkrupp rejected the idea of an alliance; and a Pakistani steelmaker is looking to ramp up its output amid a construction spike in the country. Stay up to date on MetalMiner with weekly, monthly, or quarterly updates – without the […]
RARE Act aims to mitigate U.S.’s rare earths dependence on China
In this month’s Rare Earths Monthly Metals Index (MMI) news: Texas Congressmen introduced the RARE Act; the European Commission unveiled its own raw materials action plan; and Chinese rare earths to the U.S. could plunge this year. The Rare Earths MMI gained 8.3% for this month’s MMI reading. Sign up today for Gunpowder, MetalMiner’s free, […]
Construction MMI: U.S. construction spending flat in July
The Construction Monthly Metals Index (MMI) gained 2.6% for this month’s MMI reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. U.S. construction spending U.S. construction spending in July checked in at a seasonally adjusted annual rate of […]
Happy Labor Day 2020 from MetalMiner
To our U.S. readers, MetalMiner wishes everyone a happy and safe Labor Day weekend. The next several days will be busy ones here at MetalMiner. Keep an eye out for the release of our big Annual Outlook report, which offers a more expansive view of the various metals categories tracked in our Monthly Metal Outlook […]
Week in Review: China automotive sales; steel capacity utilization; steel scrap prices
Before we head into the long Labor Day weekend, let’s take a look back at the week that was in the world of metals. Automakers released August sales reports, mostly showing sales remain down compared with 2019 levels. Meanwhile, for the week ending Aug. 29, U.S. steel mills’ capacity utilization fell compared with the previous […]
Automotive MMI: With fewer selling days, August 2020 U.S. sales decline
The Automotive Monthly Metals Index (MMI) rose 4.7% for this month’s reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. U.S. automotive sales Among automakers still reporting sales on a monthly basis, Honda reported its August sales fell […]