This morning in metals news: Norsk Hydro announced it is extending its partnership with Equinor and Panasonic; meanwhile, North American Stainless earlier this month issued a flat product price announcement; and, lastly, aluminum prices remain elevated. More MetalMiner is available on LinkedIn. Norsk Hydro extends battery partnership Oslo-based aluminum maker Norsk Hydro yesterday announced it […]
Category: Non-ferrous Metals
Global aluminum production picks up in July
Global aluminum production totaled 5.75 million tons in July, the International Aluminum Institute (IAI) reported this month. The monthly total marked an increase from 5.57 million tons in June. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five best practices. China aluminum production rises in July China, the […]
ICSG: Copper mine production up 4.8% through May 2021
While copper mine supply concerns have cropped up of late — as MetalMiner’s Stuart Burns explained recently — output during the first five months of the year rose by 4.8%, the International Copper Study Group reported Friday. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at […]
Tin, from a technical and fundamental analysis, seems a one-way bet
MetalMiner’s new technical analyst Jimmy Chiguil recently spoke at a MetalMiner workshop, explaining how tin’s meteoric rise this year (up 68% since January), should power higher if it sustains its break above its previous peak of U.S. $33,600 per metric ton set way back in 2011. From a technical analyst perspective, previous peaks form natural […]
Copper caught in the summer doldrums
Dial back to the sentiment earlier this year and copper would be powering through $11,000 per metric ton with today’s fundamentals. However, it has spent much of the last month bobbing around the mid $9,500 per metric ton mark (currently sub-$9,400 for cash). We’re offering timely emails with exclusive analyst commentary and some best practice […]
This Morning in Metals: Natural gas exports to exceed imports this year, EIA forecasts
This morning in metals news: the Energy Information Administration forecast U.S. natural gas exports will exceed imports this year; aluminum prices remained near 10-year highs last week; and, finally, the Associated General Contractors of America reported on the rise in construction input costs. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
Week in Review: IPCC report takeaways; copper market trends; tax credits for rare earth magnet production?
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week of Aug. 9-13, 2021 (copper […]
Copper MMI: Fears over tight copper market
The Copper Monthly Metals Index (MMI) increased by 3.5% for July’s reading, as the LME copper price increased by approximately the same. LME trading volumes, along with prices, traded sideways for the first three weeks of the month and picked up pace toward the end of the month, signaling an uptrend. Prices reached $9,856/mt before […]
COMEX-LME copper arbitrage tells a story
After a barnstorming first quarter, the copper price appears to be bucking the wider bull market narrative by trading sideways in the second quarter. Yet there remains a strange disconnect between COMEX and the North American market and the LME and rest of the world. Receive the latest short-term and long-term outlook for the full […]
ICSG: Copper market in surplus through first four months of 2021
With all eyes on the labor situation at BHP’s Escondida copper mine — the world’s largest copper mine — global copper supply could get a lot tighter if the situation leads to a prolonged strike. In 2017, workers at the mine engaged in a 44-day strike. However, at least through the first four months of […]