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 […]
Category: Non-ferrous Metals
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 […]
Week in Review: Aluminum prices move sideways; GM announces rare earth magnet collaboration; copper prices consolidate
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of aluminum prices, a General Motors collaboration with MP Materials aimed at developed a fully integrated U.S. rare earth magnet supply chain and much more: See why technical […]
Aluminum price moves sideways but looks to China for cues
The medium term future for the aluminum price depends on China. How many times have we heard that before? Not just for aluminum but for a host of other base metals, too. But the reality is China is running a deficit and sucking in metal from the rest of the world, where demand is already […]
This Morning in Metals: GM to invest $51M in Indiana aluminum die casting foundry
This morning in metals news: General Motors will invest $51 million to install equipment at its Bedford, Indiana aluminum casting die foundry; nickel prices have gained this past month; and, lastly, the U.K. trade minister reportedly told the U.S. they could consider expanding tariffs on U.S. goods if the U.S. does not remove the Section […]
Copper MMI: Copper prices consolidate after October spike
The Copper Monthly Metals Index (MMI) held flat for this month’s reading. After the mid-October spike, copper prices have begun to consolidate. Any bullish technical patterns are at risk of invalidation, as prices appear to trade consistently lower. Additionally, its failure to break out of any bullish structures within smaller time frames suggests a weakness […]