The decision by a provincial government in India to shut down a copper smelter plant may have serious repercussions on copper supplies, not only in India but also globally, experts claim. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The Tuticorin-based plant was ordered shut by the government of the Tamil Nadu State […]
Category: Non-ferrous Metals
This Morning in Metals: Tata Steel Purchase of Bankrupt Bhushan Goes Through
This morning in metals news, Tata Steel completed its buy of the bankrupt Bhushan Steel, Chinese steel mills are turning to scrap and Turkey is preparing to respond over the U.S. tariffs on aluminum and steel. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Tata Steel Buys Bhushan Steel Indian firm […]
How ‘Green’ Will the Elysis JV’s Aluminum Really Be?
Full disclosure – I am an owner of an iPhone, iPad and Macbook — and I don’t mind admitting it, a longtime fan of Apple’s products — but even I cringe when the firm claims to have “worked with other metal companies to develop the proprietary technique, which allows for the generation of ‘green’ aluminium […]
Alcoa, Rio Tinto Announce New Carbon-Free Aluminum Smelting Process
Major metals industry players Alcoa and Rio Tinto last week announced the world’s first carbon-free aluminum smelting process, which the firms billed as “the most significant innovation in the aluminium industry in more than a century.” Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The firms announced the innovation, which is the development of […]
Stainless Steel MMI: Subindex Inches Upward on Rising LME Nickel Prices
In May, the Stainless Steel Monthly Metals Index (MMI) once again inched one point higher. The current reading stands at 77 points. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The subindex inched higher driven by increasing LME nickel prices. Meanwhile, other related metals in the stainless steel basket traded flat. […]
Aluminum MMI: Skyrocketing Prices Power Six-Point Surge
The May Aluminum Monthly Metals Index (MMI) increased six points. Skyrocketing LME aluminum prices drove the subindex value increase. The current Aluminum MMI subindex stands at 100 points, 6.4% higher than in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum price momentum recovered strongly in April. LME aluminum prices reached […]
This Morning in Metals: Tariff Exemption Deadline at Midnight for E.U., Others
This morning in metals news, the deadline for Section 232 tariffs exemptions for certain countries falls tonight at midnight, AK Steel’s stock is up and the LME copper price tracked up Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Tariff Exemption Expiration Approaches Several countries negotiated temporary exemptions from the […]
Nickel Fundamentals Come Back to the Fore
As my colleague Fouad Egbaria wrote last week, the U.S. administration’s relaxation of the timescale for implementation of sanctions against Rusal has had the effect of taking the panic out of the market. As a result, prices have fallen for several days, not just for aluminum but for other metals that the market feared could […]
This Morning in Metals: Steels Mills Shut Down in China’s Xuzhou
This morning in metals, steel mills in China’s second-biggest steelmaking province are shutting down, U.S. Steel reports its Q1 financials and Ecuadorian officials are engaging in talks to potentially bring a copper refinery to the country. Chinese Mills Shut Down in Pollution-Curbing Measure Several steel mills in the Chinese city of Xuzhou have been shut […]
LME Nickel Follows Aluminum in Price Slide
MetalMiner’s Stuart Burns touched on the rapid swing back downward for the aluminum price, which surged on news of U.S. sanctions on Russian oligarchs and companies but quickly dropped when the U.S. Treasury opened the door to potential easing of sanctions. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But aluminum wasn’t the […]