This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises […]
Category: Non-ferrous Metals
This Morning in Metals: Global aluminum production jumps in July
This morning in metals news: global aluminum production picked up in July; the WTI crude price continues to hover around $70 per barrel; and, lastly, the Producer Price Index for final demand increased by 0.7% in August. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Aluminum production increases in July Global […]
Solid stainless production drives nickel price
When Chinese steel group Tsingshan announced its Indonesian nickel operations would supply matte — a form of the metal used only for stainless steel production — to battery makers back in February, the news undercut the narrative that only refined nickel would be sufficiently high grade for the electric vehicle sector. The price proceeded to […]
Copper MMI: Copper prices continue to decline
The Copper Monthly Metals Index (MMI) decreased by 3.4% in August, as forms of the metal included in the index dropped (with the exception of Chinese copper scrap). We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Copper prices trend downward Similarly to the index, LME copper prices […]
Aluminum prices set to power ahead into green future
An aluminum market that has lived with Chinese oversupply for two decades is experiencing a very different year in 2021. According to Reuters, it is starting to price in a very different future. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Aluminum prices of the future […]
Aluminum MMI: Rising aluminum prices concern Beijing
The Aluminum Monthly Metals Index (MMI) increased by 4.1% for this month’s reading. Do you know the five best practices of sourcing metals, including aluminum? LME three-month aluminum prices are only $100/mt away from 2011 prices. Overall, LME aluminum traded up despite some volatility in August. Prices took their largest dip Aug. 16-19 before recovering. […]
This Morning in Metals: Norsk Hydro, Panasonic, Equinor extend battery partnership
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 […]
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 […]