This morning in metals news, China is eyeing improvements to its steel capacity structure, China’s 2018 aluminum exports surged and Shanghai rebar futures hit a two-month high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Structure According to Reuters, China is looking to shift the focus of its […]
Category: Non-ferrous Metals
Week in Review: Palladium Demand, Falling Metals Prices and the E.U.’s Imminent Vote on Steel Quotas
Before we head into the weekend, let’s take a look back at the week that was and some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Taras Berezowsky covered China’s crackdown on illegal rare-earth element mining. Demand for palladium could continue to surge in […]
This Morning in Metals: Copper Prices Make Gains as Dollar Weakens
This morning in metals news, copper prices are buoyed by a softening U.S. dollar, Dalian iron ore drops and trade ministers from the U.S., Japan and the European Union met in Washington, D.C. yesterday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Rise The price of copper has […]
Aluminum MMI Falls as LME Prices at Whim of Trade Uncertainty
The January Aluminum Monthly Metals Index (MMI) fell 3.4% this month, coming in at a value of 85. The index fell 3 points from December’s reading and has returned to a low not seen since February 2017 when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook […]
Copper MMI Drops as Chilean Production Reaches Historic High
In January, the Copper Monthly Metals Index (MMI) dropped 3.9%, falling back 3 points to the November 2018 level of 74. Lower LME copper prices drove the index lower. Need buying strategies for copper? Request your two-month free trial of MetalMiner’s Outlook Similar to other base metals, LME copper prices fell in December. LME copper prices […]
Automotive MMI Falls to 17-Month Low as Producers Pray for China Rebound
The Automotive Monthly Metals Index (MMI) fell 3.2% to a value of 92 this month, its lowest level in 17 months. After riding high during mid-2017, above the baseline of 100, the Automotive MMI sub-index — tracking a basket of industrial metals and materials crucial to the automotive sector — has been in a continued overall […]
New Report: What Falling Oil Prices and Weak U.S. Dollar Mean for Industrial Metals
MetalMiner has just released its January 2019 edition of the Monthly Metal Buying Outlook, in which we explore how the fall in commodities — namely crude oil prices — and the continued weakness of the greenback are driving industrial metals prices. What Happened Over the Last Month? According to the report, Both commodities and base […]
This Morning in Metals: U.K. Steel Exports to U.S. Down 20% Since Tariff
This morning in metals news, the U.K.’s steel export levels to the U.S. have come down this year, China’s steel output surged through the first 11 months of the year and 2018 proved to be a down year for a number of commodities, including copper. Need buying strategies for steel? Request your two-month free trial […]
Week in Review: Russia Sanctions News and the Year in Review
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner on this final Friday of 2018: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns touched on the U.S. Treasury’s sanctions announcement vis-a-vis previously […]
This Morning in Metals: London Copper Jumps 1%
This morning in metals news, LME copper jumped 1% Thursday, China Minmetals Corporation will buy over 2 million tons of iron ore from miner Rio Tinto next year and India is challenging a World Trade Organization (WTO) ruling on its steel safeguard against Japan. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME […]