The aluminum price on the SHFE is outpacing its LME counterpart and Chinese demand for the metal remains strong.
Category: Metal Prices
This Morning in Metals: U.S. steel capacity utilization reaches 60.4%
This morning in metals news: The U.S. steel sector posted another incremental increase in capacity utilization. Meanwhile, the Aluminum Association applauded a Department of Commerce decision regarding subsidies of imported aluminum sheet. Lastly, Alcoa criticized the Trump administration’s decision to reimpose the Section 232 aluminum tariff on imports from Canada. Steel sector capacity utilization rises […]
Steel, copper and aluminum prices for 2020-2021: how to budget and forecast
We are only two days away from 2021’s MetalMiner Budget and Forecast Workshop on Thursday, Aug. 13, 2020. Many metal buyers are about to lock themselves into pricing for the next 12 months – in a very, very, very unsteady world. If 2020 has taught us anything, it’s that flexibility is key. Going into negotiations, […]
Copper MMI: Copper prices trend sideways
The Copper Monthly Metals Index (MMI) increased 5.4% for this month’s MMI reading. LME copper prices increased through the first half of July and have traded sideways since mid-July. However, the price remains well above $6,000/mt. Chinese demand remains strong and market sentiment remains positive. Want an occasional email from MetalMiner that highlights new content […]
This Morning in Metals: Trump reimposes 10% tariff on some Canadian aluminum
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.
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).