This morning in metals news: tin prices have surged; Norsk Hydro announced the end of a previously announced battery initiative; and, lastly, Cleveland-Cliffs is buying a ferrous scrap processor. Get social with us. Follow MetalMiner on LinkedIn. Tin prices gain As we noted earlier this week, news that Indonesia is considering a tin export ban […]
Category: Non-ferrous Metals
Chile’s Codelco forecasts lower copper prices in 2022
Chilean copper producer Codelco, the world’s largest, indicated it could see copper prices coming down in 2022. According to a Reuters report, Codelco CEO Octavio Araneda said prices in 2022 will likely come in slightly lower than in 2021. As we’ve noted recently, MetalMiner is hosting its final webinar of the year on Wednesday, Dec. […]
Aluminum supply to get boost from Alcoa restart; Midwest premium eases
Recently, MetalMiner’s Stuart Burns delved into the aluminum market deficit, one in which limited aluminum supply and elevated delivery premiums have been persistent features. However, perhaps to some aluminum buyers’ relief, some supply is coming back online next year. Each month, MetalMiner hosts a webinar on a specific metals topic. Sign up for the last […]
Tin prices gain momentum as Indonesia mulls tin, copper export bans
Two years ago, Indonesia instituted a ban on nickel ore exports. Now, it is contemplating banning exports of tin and copper ore, too. You want more MetalMiner on your terms. Sign up for weekly email updates here. Indonesia export bans prompt tin price surge Indonesian President Joko Widodo has been announcing from different forums that […]
This Morning in Metals: GM buys stake in electric boating company
This morning in metals news: General Motors announced it had purchased a stake in Pure Watercraft, a firm specializing in “all-electric boating solutions”; aluminum prices ticked up ahead of Thanksgiving; and, lastly, Thyssenkrupp commissioned its 35th EnviNOx® system, which reduces nitrous oxide emissions. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what […]
This Morning in Metals: Construction to begin Q2 2022 for Norsk Hydro aluminum recycling plant in Michigan
This morning in metals news: Norsk Hydro plans to begin construction on its new aluminum recycling plant in Cassopolis, Michigan, in Q2 2022; meanwhile, U.S. utilities are spending more on electricity delivery; and, lastly, the United States International Trade Commission recently voted to continue investigations regarding imports of oil country tubular goods from Argentina, Mexico, […]
Aluminum inventories dwindle toward zero
Longtime readers of MetalMiner may recall a number of aluminum posts we have put out over the years since the financial crisis that explore shadow stocks or the “stock and finance trade” inventory that have referred to the murky world of “off-warrant,” or non-exchange, reserves of aluminum. Those reserves are often hard to determine in […]
ICSG: Copper mine production up 3.3% through eight months
Global copper mine production increased by 3.3% through the first eight months of the year, the International Copper Study Group reported today. Meanwhile, copper prices have stabilized somewhat this month after plunging in late October. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Copper mine production Global copper concentrate production […]
This Morning in Metals: Nucor to add blast and prime line at Kentucky plate mill
This morning in metals news: Nucor Corporation announced it is adding a blast and plate line at its under-construction Kentucky plate mill; aluminum prices have stabilized somewhat after plunging in late October and early November; and, lastly, job openings rates decreased in 12 states in November. MetalMiner has launched a full suite of precious metals […]
Week in Review: Stainless steel base prices rise; Biden signs infrastructure bill; European Commission slaps duties on stainless steel from India, Indonesia
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: Each month, MetalMiner hosts a webinar on a specific metals topic. The next webinar is scheduled for Wednesday, Dec. 8, during which the MetalMiner team will discuss price predictions for 2022. To […]