This morning in metals news: MetalMiner’s January 2022 Monthly Metal Outlook (MMO) report is now available; steel capacity utilization for the week ending Jan. 1, 2022, fell to 80.6%; and, lastly, U.S. job openings declined in November. Request a 30-minute demo of the MetalMiner Insights platform now. January 2022 MMO report MetalMiner has kicked off […]
Category: Non-ferrous Metals
This Morning in Metals: Energy costs surge; steel imports rise; aluminum price picks up
This morning in metals news: energy costs surged in 2021; U.S. steel imports picked up in November; and, lastly, aluminum prices rose during the second half of December. All the metals intelligence you need in one user-friendly platform with unlimited usage. Request a MetalMiner Insights platform demo. Energy costs rise in 2021 Energy costs surged […]
Europe’s aluminum smelters in turmoil amid rising power costs
As our colleague Fouad Egbaria noted this week, rising power costs in Europe, almost wholly down to the cost of natural gas, resulted in reduced output at Europe’s largest aluminum smelter, Aluminium Dunkerque Industries France. Losses there ballooned to €20 million ($22 million) during November, as natural gas prices quadrupled this year. Most aluminum smelters […]
This Morning in Metals: Copper prices move sideways; construction employment rises; Northvolt assembles first lithium-ion battery cell at Swedish gigafactory
This morning in metals news: copper prices have moved sideways to close 2021; meanwhile, the U.S. construction sector added jobs in November; and, finally, Northvolt said it had produced the first lithium-ion battery cell at its gigafactory in Sweden. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, […]
This Morning in Metals: Nickel prices consolidate; NAS reduces fuel surcharge; US LNG exports surged in H1 2021
This morning in metals news: nickel prices have consolidated in December; North American Stainless announced a reduction in its fuel surcharge; and, lastly, the Energy Information Administration reported U.S. liquefied natural gas exports reached a record high in the first half of 2021. Are you under pressure to generate stainless steel cost savings? Make sure […]
This Morning in Metals: Aluminum prices rally; Rio Tinto to acquire lithium project; Biden signs proclamation adjusting steel imports
This morning in metals news: aluminum prices have rallied to close the year; Rio Tinto is acquiring a lithium mining project; and, lastly, the American Iron and Steel Institute commented on the president’s proclamation this week adjusting steel imports. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters […]
2021 in Review: Copper, copper price stories of the year on MetalMiner
Continuing our review of 2021 — we previously recapped the most-viewed carbon steel, aluminum and stainless steel articles of the year — today we’ll take a look at the copper and copper price stories of the year. Request a 30-minute demo of the MetalMiner Insights platform now. Most-viewed copper stories of the year on MetalMiner […]
2021 in Review: Aluminum, aluminum price stories of the year on MetalMiner
As we continue our review of MetalMiner coverage in 2021, today we’ll take a look back at the top aluminum and aluminum price stories of the year. Previously, we reviewed the top carbon steel stories of the year. Like other metals, aluminum prices enjoyed a bullish run over the past year. The LME three-month price […]
This Morning in Metals: U.S. Steel releases Q4 guidance
This morning in metals news: U.S. Steel released its guidance for Q4 2021; U.S. job openings increased in 16 states in October; and, lastly, copper prices continue to trade sideways. Do you know the five best practices of sourcing metals, including steel? U.S. Steel releases Q4 guidance U.S. Steel said it expects its Q4 2021 […]
Iron ore prices surging on higher imports
It is always a challenge reading markets, whether you look at fundamentals of supply, demand and macro economic developments or whether you are a chartist looking at price trends to see how they compare to previous models, assessing price movement relative to Fibonacci levels and indications from high/low daily pricing data. One issue we repeatedly […]