This morning in metals news: President Donald Trump on Thursday signed a proclamation to reimpose tariffs on some Canadian aluminum; China’s copper imports surged in July; and the Bureau of Labor Statistics released its latest jobs report Friday morning.
Category: Metal Prices
Week in Review: Aluminum prices rise; steel capacity gains; Ford CEO to retire
It was another busy week in the world of metals and metal-using sectors. Among this week’s major developments were an executive shakeup at Ford, aluminum prices on the rise in China and a U.S. steel sector seeing capacity utilization gains week by week.
Construction MMI: June construction spending dips 0.7%; ABI makes gains
U.S. construction spending in June rose year over year but fell 0.7% compared with the May spending rate.
Metals forecasting, contracting mechanisms and more: sign up for the MetalMiner 2021 Forecasting Workshop
Metals buyers should always be looking for every possible edge to manage their spend, particularly amid volatile times (like we’ve seen this year). In the MetalMiner 2021 Forecasting Workshop, held virtually this year, attendees will: Hear from MetalMiner experts on short- and long-term metals outlooks Beta test MetalMiner’s should-cost models Gain valuable insights vis-à-vis metals […]
This Morning in Metals: LME copper price makes midweek gains
This morning in metals news: the copper price inched upward Wednesday; U.S. coal-fired plants have been transitioning to natural gas; and Norilsk Nickel recently released its production results for the first half of the year.
Resilient tin is being driven by sound fundamentals
All the base metals have been on the up recently. Nonetheless, it would be naïve to put all such resilience down to a weakening U.S. dollar (supportive as that is for metals prices).
This Morning in Metals: MetalMiner releases August Monthly Metal Outlook
This morning in metals news: the latest MetalMiner Monthly Metal Outlook report is out; Steel Dynamics has acquired a Mexican metals recycling company; and copper prices bounced back off three-week lows Monday.
U.S. steel capacity utilization inches closer to 60%
The U.S. steel sector’s steel capacity utilization rate has continued to inch upward in recent months, rising to 59.3% for the week ending Aug. 1.
Aluminum is having a strong recovery in China
Aluminum does appear to be having a surprisingly strong post-pandemic recovery — in China, at least.
Week in Review: Stainless steel demand; industrial production; copper prices
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.