This morning in metals news: UC Rusal will demerge its high-carbon assets; meanwhile, steel industry groups issued a renewed call to the Biden administration to ask him to keep the Section 232 steel tariff in place; and the copper price has picked back up this week. You want more MetalMiner on your terms. Sign up […]
Category: Non-ferrous Metals
Copper prices continue to surge — is the market in danger of overheating?
Copper prices have risen relentlessly from $4,371 per ton in March last year to over $10,450/ton now. Stories of a new supercycle put out by the likes of Goldman Sachs may have helped. However, so have massive imports by China over the last year. Reuters reports physical purchases by China, both commercial and state, hit […]
Week in Review: Copper price surges; USW-ATI standoff continues; iron ore booms
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. In addition, our May 2021 Monthly Metals Index (MMI) PDF is now available for download. The PDF summary includes an executive summary, trends chart and portions of each MMI article […]
This Morning in Metals: Copper production from top 10 companies to rise up to 3.8% in 2021, GlobalData forecasts
This morning in metals news: consultancy GlobalData forecast copper production from the top 10 copper mining companies will rise by up to 3.8% this year; meanwhile, the US Senate Committee on Homeland Security and Governmental Affairs advanced a bill that aims to strengthen Buy American requirements; and, lastly, US import prices rose in April. The […]
This Morning in Metals: Aluminum producer Novelis touts ‘outstanding’ quarter
This morning in metals news: aluminum roller and recycler Novelis announced its quarterly financial results; meanwhile, the United States International Trade Commission voted Tuesday on anti-dumping duties for prestressed concrete steel wire strand; and, lastly, the Consumer Price Index rose by 0.8% in April. The MetalMiner Best Practice Library offers a wealth of knowledge and […]
Aluminum MMI: Physical delivery premium continues to rise
The Aluminum Monthly Metals Index (MMI) jumped 7.7% for this month’s reading, as the aluminum physical delivery premium continues to rise. Do you know the five best practices of sourcing metals including aluminum? Delivery premium continues to rise The US Midwest Premium, like just about everything else these days, continued to inch upward in recent weeks. […]
Copper MMI: Copper price soars to record high amid tightness, dollar’s slide
The Copper Monthly Metals Index (MMI) surged by 10.6% for this month’s reading, as the copper price has soared to a record high. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. Copper prices reach record highs Last month, MetalMiner’s Stuart Burns dissected various views on […]
Week in Review: Another commodities supercycle?; rising battery demand; European hot rolled coil prices
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 whether or not we are in a supercycle, rising EV demand and more: MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and […]
Construction MMI: Construction spending rises, ABI reflects second consecutive month of billings growth
The Construction Monthly Metals Index (MMI) jumped by 12.1% for this month’s reading, as construction spending picked up in March. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US construction spending rises US construction spending in March reached a […]
Nickel prices rise but fail to catch up with other base metals market
Nickel prices and, as a result, stainless surcharges, remain in the doldrums this month, recovering only slightly from last month’s sharp sell-off. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Nickel prices drop in March Nickel’s bull story took a hit at the beginning of March by announcements from […]