The UK Trade Remedies Authority announced on Friday, May 20, that new measures should be put in place to “protect the UK’s aluminum extrusion industry” from dumped Chinese products.” The surprise move comes after an 11-month investigation into inconsistencies with aluminum bar imports. The TRA made the recommendation to the organization’s current Secretary of State […]
Category: Non-ferrous Metals
First new US integrated aluminium rolling mill in 40 years
Novelis recently announced construction of a state-of-the-art, $2.5 billion recycling and aluminum rolling facility in Baldwin County, Alabama. In addition, a statement in Made in Alabama suggested that the 3,000-acre South Alabama Mega facility will create approximately 1,000 jobs. According to the Novelis, the site will be the first fully-integrated aluminum mill built in the […]
Tin Price Forecast Signals Continued Short Supply
Despite a strong rebound in output, the tin market is still dangerously short on supply. How will this affect the tin price forecast? Experts are rushing to weigh in. According to Reuters, the International Tin Association (ITA) reported that global refined tin production increased by 11% to 378,400 metric tons last year. But while output […]
Aluminum MMI: Global Aluminum Prices Drop Alongside Other Base Metals
From a technical perspective, global aluminum prices began to change structure in short time frames, which could suggest further price drops. Currently, prices are beginning to approach previously-established lows. However, a bullish trend reversal can’t occur until aluminum establishes a clear price floor. Source: MetalMiner Insights The Aluminum Monthly Metals Index (MMI) dropped by 8.84% […]
Stainless Steel MMI: Stainless Prices Holding Strong
The Stainless Steel MMI indicates that prices are holding fast. This, as cold-rolled stainless imports to the U.S. have averaged above 40,000 MT per month for several straight months. Meanwhile, U.S. flat-rolled stainless producers have run at full capacity for over a year now. Still, they continue to place premiums on products they simply don’t […]
Copper MMI: Copper Prices Fall with Chinese Lockdowns
Starting in late April, copper prices began to take out prior lows. It seemed like an attempt to find a bottom and reestablish a potential bullish reversal in the short term. The Copper Monthly Metals Index (MMI) fell by 3.04% month over month. Know what to do when the trend shifts. Related article: The Art […]
Buying Strategies in Falling Aluminum and Steel Price Markets
Recent key shifts in macroeconomic indicators could significantly impact both aluminum and steel prices. Historically, the best way for companies to protect themselves during times of uncertainty is to change buying strategies. Most commodities have traded in a bull market for the past one and a half years. This has allowed companies of all sizes […]
The Aluminum Price Forecast: China is Coming
Don’t worry – this isn’t another “reds-under-the-bed” story. Rather, it’s a look into how Chinese aluminum semis are quickly becoming the market’s main price setting (at least in Europe). With Russia more or less out of the picture and domestic mills booked up for months, China is the only swing producer with capacity to spare. […]
Titanium Market Facing Major Supply Constraints
Like other industry insiders, the team here at MetalMiner has paid very close attention to the way international sanctions on Russia are affecting metals markets. When the invasion of Ukraine started, aluminum, zinc, and even steel had been strongly supported. Since early March, those prices have fallen back (as have Russian troops). Despite this, we […]
Hindalco Looks to Bolster Global Aluminum Resources
India’s Hindalco Industries Ltd. (a major aluminum and copper producer) recently earmarked CAPEX totaling US $7.2 billion. According to recent news reports, Hindalco management is seeking to expand the company’s aluminum production over the next five years. This includes commitments to boost aluminum resources in both North America and Germany. In a recent presentation to […]