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 […]
Category: Non-ferrous Metals
Week in Review: Steel imports; April 2021 MMO; Suez Canal aftermath
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, including the Suez Canal blockage, the April 2021 MMO, Western European hot rolled coil prices and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
This Morning in Metals: Chile’s industrial output, copper production fall in February
This morning in metals news: Chile’s INE reported the country’s industrial production, including copper production, fell in February; meanwhile, US automotive sales fell in February; and, lastly, the United States International Trade Commission made duty rulings on imports of silicon metal. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? […]
This Morning in Metals: Workers go on strike at Kansas steel manufacturing plant
This morning in metals news: workers went on strike at the Bradken plant in Atchison, Kansas, last week; Liberty Steel has asked for a massive government bailout in the UK; and, lastly, the copper price retraced last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
Week in Review: Semiconductor shortage; MetalMiner webinar; rising Midwest Premium
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 the semiconductor shortage, the Midwest Premium and more. A fire at a Japanese chip-making plant last week has slammed automotive operations. General Motors, Ford and many other automakers have […]
Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’
Three years have passed since former President Donald Trump imposed Section 232 tariffs on steel and aluminum. The administration cited national security concerns when imposing the tariffs. In addition, it aimed to raise capacity utilization of the US steel and aluminum sectors. (For the week ending March 20, US mills reached a steel capacity utilization […]
Rising Midwest Premium reflects aluminum market tightness
The aluminum market is undeniably tight, as consumers are having to wait months for metal and the Midwest Premium rises. In some locations — Europe, in particular — consumers of rolled plate cannot secure new production space until well into Q3. Some mills have even pulled out of quoting for new business customers in 2021. […]
Copper mine production finishes 2020 unchanged year over year
Despite significant drops in output earlier in 2020 at the outset of the COVID-19 pandemic, global copper mine production last year came in unchanged compared with the previous year. According to the International Copper Study Group, the global copper market posted an apparent deficit of 560,000 tons in 2020. The MetalMiner Best Practice Library offers […]
This Morning in Metals: Battery energy storage systems on the rise in US power grid
This morning in metals news: the Energy Information Administration forecasts a “significant number” of battery energy storage systems will come onto the US electricity grid; meanwhile, miner Rio Tinto announced a partnership with renewable energy technology company Heliogen; and, lastly, global copper mine production levels came in about flat compared with 2020. You want more […]
Week in Review: Nickel price falls; oil prices remain elevated; Honda temporarily suspends production
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines of the week here on MetalMiner, including coverage of the nickel price, oil prices, housing starts and more. Overall, steel prices continue to rise. Meanwhile, after experiencing significant price declines, lead and nickel […]