This morning in metals news, Rusal saw its fourth quarter 2017 aluminum production rise, commodities generally escaped the brunt of Monday’s market plummet and European steel demand is set to rise in 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rusal Aluminum Production Jumps According to Platts, Rusal’s Q4 2017 […]
Category: Non-ferrous Metals
This Morning in Metals: Voestalpine Chief Executive Warns of European Steel Overcapacity
This morning in metals news, the chief executive of Austria’s Voestalpine says Europe’s steel industry has excess capacity, copper picked up as the dollar’s gains paused and automotive aluminum use is picking up according to one survey.Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum Autos The aluminum sector is becoming […]
This Morning in Metals: Copper Rises as Dollar Falls
This morning in metals news: copper jumped as the dollar continued its slide; ArcelorMittal saw its core profits grow significantly in 2017, leading to a resumption in dividend payments; and the London Metal Exchange has a new chief operating officer. Copper Jumps Ahead of Fed Announcement Copper jumped 1% on Wednesday, according to reuters.com, ahead […]
This Morning in Metals: Indian Crude Steel Production Up 6.2% in 2017
This morning in metals news, Indian crude steel production jumped 6.2% in 2017, a Swiss steel firm was chosen to buy a troubled French steelmaker and Novelis announced that its aluminum will be supplied for the 2018 Jeep Wrangler. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Indian Crude Steel Production […]
This Morning in Metals: Trump Hits Solar Panels, Washing Machines with Tariffs
This morning in metals news, President Trump slaps import tariffs on solar panels and washing machines, year-to-date domestic raw steel production is down 3.2%, and copper prices continue to rise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Trump Adds Solar Panels, Washing Machines to Tariff Mix According to the Washington […]
Section 232 Aluminum Report Moves on to President Trump
While it might not draw the same attention as its steel counterpart, the Trump administration’s Section 232 investigation of aluminum imports is just as important to the U.S. aluminum industry.Buying Aluminum in 2018? Download MetalMiner’s free annual price outlookSection 232 of the Trade Expansion Act of 1962 affords the president broad powers in determining whether […]
Copper Had a Big 2017, but What Does 2018 Hold?
The 2017 calendar year saw copper heat up in a big way. According to MetalMiner IndX data, LME primary cash copper was $5,512/metric ton on Jan. 1, 2017. It closed the year at $7,215/mt, good for a meteoric rise of 30.9%. Need buying strategies for copper in 2018? MetalMiner’s Annual Outlook has what you need […]
This Morning in Metals: Chinese Aluminum Output Rises in December
This morning in metals news, China ramped up its aluminum output in December, British police are looking into allegations of pension fraud against steelworkers and India considers a plan to have its steel ministry oversee iron ore and coal operations. Want to see an Aluminum Price forecast? Take a free trial! British Police Look Into […]
This Morning in Metals: Rio Tinto Finds Copper at Grasberg for First Time Since 2014
This morning in metals news, Rio Tinto made a copper discovery at its Grasberg mine for the first time since 2014, automakers urge Trump not to withdraw from the North American Free Trade Agreement (NAFTA) and copper hits a 3 1/2-week low. MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel Rio Makes Copper […]
Week in Review: Section 232 Report Moves to Trump, MMIs and Oil
Before we head into the weekend, let’s take a quick look back at the week that was here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook This week we wrapped up the latest round of posts for our January Monthly Metals Index (MMI) — check out this week’s posts […]