This morning in metals, members of the House are asking the Trump administration to allow tariff exclusions (related to the latest round of tariffs levied against China), Chile’s state copper miner has plans to extend the life of one of its copper deposits and BHP reported a sharp year-over-year increase in iron ore production. Need […]
Category: Non-ferrous Metals
DOC Initiates CVD, AD Investigations of Aluminum Wire, Cable Imports From China
The U.S. Department of Commerce (DOC) announced late last week that it had initiated anti-dumping and countervailing duty investigations related to imports of aluminum wire and cable from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the DOC, imports of the products from China in 2017 were […]
Aluminum MMI: Aluminum Prices Rise and Fall on Alunorte News
The October Aluminum Monthly Metals Index (MMI) fell two points for an October MMI subindex value of 91 (its lowest since August 2017). Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell slightly in September. However, the mid-term trend has moved mostly sideways, trading between the $1,970-$2,170/mt level. Movements […]
This Morning in Metals: Gillette Wins Exemption from Section 232 Steel Tariff
This morning in metals news, Gillette gets a break from the U.S.’s Section 232 steel tariff, Century Aluminum strikes a deal to keep its Charleston smelter going through at least 2020 and Indian steel mills are increasingly looking outside the country for iron ore. Need buying strategies for steel? Request your two-month free trial of […]
This Morning in Metals: LME Aluminum Hits One-Week Low
This morning in metals news, the LME aluminum price has tracked back down after spiking last Wednesday, U.S. steel import permit applications fell in September and a Chilean state-owned miner is in talks to sell copper to China’s Minmetals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Aluminum Hits […]
Copper MMI: LME Copper Prices Breach $6,000/MT
In October, the Copper Monthly Metals Index (MMI) increased four points, recovering to August 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The latest Copper MMI latest increase came from stronger LME copper prices in September. The current Copper MMI stands at 77 points. LME copper prices recovered […]
This Morning in Metals: Norsk Hydro Plans Alunorte Restart
This morning in metals news, Norsk Hydro plans to restart its Alunorte alumina refinery, Shanghai steel rebar prices fell and Turkey plans to impose steel import quotas. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Prices Back Down After surging last week on news of Norsk Hydro’s shutdown of […]
This Morning in Metals: Brazilian Authorities Question Hydro Over Alunorte Stoppage
This morning in metals news, Brazilian authorities are questioning Norsk Hydro over its decision to halt operations at its Alunorte alumina refinery, the Thyssenkrupp–Tata Steel merger could be subject to merger control regulation and BHP says China’s Belt and Road Initiative could lead to a surge in copper demand. Need buying strategies for steel? Request […]
This Morning in Metals: Aluminum Association Disappointed in USMCA
This morning in metals news, the Aluminum Association expressed its disappointment in the United States-Mexico-Canada Agreement (USMCA), the Pentagon is reviewing the U.S.’s dependence on foreign sources of critical materials (including rare earths from China) and Section 232 steel tariff exemption requests continue to rise. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: U.S., Canada Reach NAFTA Deal
This morning in metals news, the U.S. and Canada have reached a deal on the North American Free Trade Agreement (NAFTA) after several weeks of talks, Secretary of Commerce Wilbur Ross said the steel and aluminum tariffs on Canada and Mexico will remain in place, and copper prices are down on account of perceived drops […]
