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®: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India has a coal shortage that comes to the benefit of the U.S. coal industry. Stuart Burns delves […]
Category: Non-ferrous Metals
Freeport-McMoRan Reports Q2 Net Income Jump As Copper Price Continues to Fall
Miner Freeport-McMoRan Inc., the world’s largest publicly traded copper producer, announced its second-quarter earnings Wednesday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The miner reported Q2 net income attributable to common stock of $869 million and $1.6 billion for the first six months of the calendar year. The figures compare with […]
U.S. Consultations Fizzle With India, Others Over Metals Tariffs
Ultimately, it went along expected lines. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India and a handful of other nations held trade dispute settlement consultations with the United States over its steel and aluminum tariffs in Geneva, but got absolutely no concession from the latter, according to reports coming out […]
LME Aluminum Price May Appear to be in Bear Territory … But Not Yet
Falling aluminum prices over the last month have given rise to some asking if aluminum is now on a prolonged downward trend. Tempting as it is to look at day-to-day movements, a more holistic analysis suggests otherwise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As a recent Reuters article suggests, […]
This Morning in Metals: China Launches Anti-Dumping Probe of Stainless Steel Imports
This morning in metals news, China initiated an anti-dumping probe of stainless steel imports worth a total of $1.3 billion, LME copper held above its one-year low Monday and President Trump will visit the Granite City steelworks in Southern Illinois this Thursday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook China […]
LME Launches New Pricing Model to Attract Smaller Users, Investors
A London Metal Exchange press release this week announced the exchange’s introduction of a new pricing option on its electronic trading platform, LMEselect. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Following feedback from the LME’s 2017 consultation exercise, the exchange has extended the implied pricing mechanism already in operation on […]
This Morning in Metals: Trump Threatens to Slap Over $500B in Tariffs on Chinese Imports
This morning in metals news, President Donald Trump escalated trade tensions by threatening to slap tariffs on essentially all Chinese imports, Nucor reported its Q2 and first-half earnings, and copper hits a one-year low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook On Another Level The back-and-forth of tariffs and threats […]
Alcoa Posts Strong Q2 But Dampens Outlook for Rest of the Year
Aluminum firm Alcoa Corporation reported its second-quarter earnings Wednesday, with some numbers showing the impact of current market trends and forces. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The Pittsburgh-based firm reported $3.6 billion in Q2 revenue and $904 in adjusted earnings before interest, tax, depreciation and amortization (EBITDA). The firm’s Q2 EBITDA marked […]
This Morning in Metals: China Hits Record Daily Steel Output in June
This morning in metals news, China hit a record vis-a-vis steel production, China responded to the U.S.’s threat of $200 billion in tariffs and copper continues its slide. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A Record June China steelmakers put out a record amount of steel, on a daily […]
India, U.S. Set to Meet Over Metals Tariffs This Week
The U.S. and India are scheduled to sit across the table this week in Geneva to discuss the case filed by India with the World Trade Organization’s (WTO) dispute settlement mechanism over the U.S.’s imposition of import duties on steel and aluminum. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The […]
