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 […]
Category: Non-ferrous Metals
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 […]
This Morning in Metals: US steel capacity utilization dips slightly to 79.0%
This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a […]
Metals prices pull back from recent highs
A bullish report in Reuters last week advising metal output in China was breaking records, again, looks at odds with developments this week. Relentlessly rising prices have taken a sharp about-turn, the BBC reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your aluminum buy. Rising […]
Week in Review: Copper overheating?; cobalt pilot project; MetalMiner webinars
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including copper price developments, an upcoming MetalMiner webinar and more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and […]
Tin in extreme distress as inventory is low, logistics delays persist
When the topic of tin comes up, many people think of baked beans — well, maybe not the beans, but the tin they come in. Tinplate is a major consumer of metallic tin. However, due to technological development over the decades, many tins are now coated with resins. Those that still use tin are operating […]