This morning in metals news: Nucor Corporation today announced it will acquire Cornerstone Building Brands‘ insulated metal panels business; the oil price approached $70 per barrel to close last week; and the aluminum price has retraced over the last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
Category: Non-ferrous Metals
Week in Review: Iron ore shows volatility; hot rolled coil prices rise; China relaxes rare earths production quotas
Before we head into the weekend, let’s take a look back at the week that was and the metals news here on MetalMiner, including iron ore volatility, rare earths production quotas in China and much more: We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Week of May […]
This Morning in Metals: Nonfarm payroll employment rises by 559,000
This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric ton. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the […]
This Morning in Metals: Steel capacity utilization rate rises to 81.5%
This morning in metals news: the US steel capacity utilization rate reached 81.5% last week; meanwhile, miner Glencore announced a new liquefied natural gas supply agreement; and, lastly, G7 trade ministers issued a joint communiqué covering market and trade distortions by state enterprises. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore […]
Second-largest copper producer Peru on the cusp of disaster
You have to feel for poor Peru, the second-largest copper producer in the world. The country is facing the double affliction of the worst COVID-related death rate per head of population anywhere in the world. At the same time, it is enduring a presidential election between two almost equally obnoxious candidates. The MetalMiner Best Practice […]
Week in Review: Section 232 tariffs; metals prices pull back; China warns commodity speculators
Before we head into the weekend, let’s take a look back at the week that was here on MetalMiner, which included coverage of the Section 232 tariffs, the recent metals price pullback, China’s warning to commodity speculators and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
Global copper mine production up 3.5% through first two months of 2021
Global copper mine production rose by 3.5% through the first two months of the year, the International Copper Study Group reported. Furthermore, copper concentrate production rose by 5% during the period, while solvent extraction-electrowinning fell by about 3%. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
EPI white paper: Section 232 boosted aluminum industry investment, jobs
Over three years later, analysis, assessments and calls for removal or maintenance continue to pour in with respect to the former Trump administration’s Section 232 tariffs on steel and aluminum. In 2018, former President Donald Trump used Section 232 of the Trade Expansion Act of 1962 to impose tariffs on steel and aluminum of 25% […]
This Morning in Metals: May new-vehicle retail sales on pace for record
This morning in metals news: new-vehicle retail sales are on pace to hit their highest total ever for the month of May, according to J.D. Power and LMC Automotive; meanwhile, new orders for manufactured durable goods declined in April after 11 straight months of gains; and, lastly, LME aluminum has backtracked over the last two-plus […]
Copper prices to see out 2021 at lower levels — but higher prices coming in meantime
The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner. “It’s sentiment-driven,” one analyst said about current prices for the base metal and the prospect for increases in them over the year. Each month, MetalMiner hosts a […]