Copper bulls who were betting on continued price rises — or, more importantly, copper consumers worried about escalating copper costs — may be looking at the copper price and wondering what is going on. Prices hit over $9,600 per metric ton in late February but have since fallen back. Although experiencing volatility, the copper price […]
Category: Non-ferrous Metals
Week in Review: Steel prices; US electricity consumption; rising aluminum premiums
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 coverage of steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity […]
Aluminum MMI: Buyers see tight supply, rising physical delivery premiums
The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are […]
Copper MMI: Copper price stabilizes in March
The Copper Monthly Metals Index (MMI) fell by 2.8% for this month’s reading. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled […]
EAI Votes not to Support Carbon Tax Adjustment
Efforts to reduce Europe’s carbon footprint are many and varied, including in the European aluminum sector. Energy-intensive industrial processes like steel, aluminium and cement manufacturing make up a significant chunk of carbon emissions. A carbon tax as crafted in the EU’s Carbon Border Adjustment Mechanism (CBAM) is seen as a major plank in shutting out […]
This Morning in Metals: Norsk Hydro to explore hydrogen facility opportunities
This morning in metals news: Oslo-based Norsk Hydro said it is exploring the potential for developing and operating hydrogen facilities; meanwhile, the Consumer Price Index for All Urban Consumers increased by 0.6% in March; and En+ Group touted its development of a high-purity aluminum. See why technical analysis is a superior forecasting methodology over fundamental […]
This Morning in Metals: Industrial energy-related CO2 emissions down by 8% in 2020
This morning in metals news: energy-related emissions from the US industrial sector fell by 8% in 2020; meanwhile, Chinese steel production remains strong despite production curbs in Tangshan; and, lastly, GlobalData forecast Chile’s copper production will rise by 3.7% this year. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
Week in Review: US steel capacity utilization; European steel; copper market shift
Before we head into the weekend, let’s take a look back at the week that was and 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 in Review, April 5-9 (steel capacity utilization, […]
Rising aluminum physical delivery premiums — feature of a tight market
In a recent webinar MetalMiner ran for key clients, we posed a question regarding the recent rise of aluminum physical delivery premiums: what was behind rises and would they last? Physical delivery premiums are a significant cost to consumers. It can be a cost that is hard to hedge except for large consumers with access […]
Strong Copper Demand, But Products See Shift
The copper market saw a near doubling in prices over the last year. Copper fell to an LME low in March 2020 of $4,371 per metric ton. Fast forward to this year, however, and it closed at $8,764 prior to this past weekend. But anyone following the copper market will know that even that price […]