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, which this week includes coverage of steel capacity utilization, the latest OPEC ministerial meeting and much more. Overall, most base metals seem to be retracing from a late February peak. […]
Category: Non-ferrous Metals
What goes up must (eventually) come down — does the old saying apply to nickel prices?
Up to this week, the nickel bull story had been roaring along. Talk of metal shortages and runaway electric vehicle (EV) and hybrid battery demand have supported that story. But one announcement has seen that bull run hit a brick wall. Nickel bull story slows News that China’s Tsingshan Holding Group has signed a one-year […]
This Morning in Metals: DOC finds dumping, subsidization of common alloy aluminum sheet
This morning in metals news: the Department of Commerce said imports of common alloy aluminum sheet from 18 countries are being dumped and benefiting from subsidies; Federal Reserve Governor Lael Brainard this week commented on the US’s economic outlook; and the copper price has retraced somewhat over the last week. DOC makes common alloy aluminum […]
This Morning in Metals: US construction spending starts strong in January
This morning in metals news: US construction spending picked up in January; meanwhile, the Federal Register published the text of President Joe Biden’s latest executive order; and, lastly, the copper price came back down to close last week. US construction spending rises in January US construction spending picked up to a seasonally adjusted annual rate […]
European aluminum market under duress
There is not a lot of chatter in the press about this yet, but speak to producers and consumers and you will hear plenty of complaints about the European aluminum market. Both flat rolled and extruded products are facing serious supply issues. However, whether they will be short-lived or prove more persistent is not yet […]
Week in Review: Copper price strength; January auto sales; securing supply chains
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 coverage of the copper price, how the Biden administration will handle the former Trump administration’s metals tariffs and much more. The MetalMiner Best Practice Library offers a wealth of […]
MSCI: US metals shipments down year over year but up from spring 2020 lows
Like other economic indicators, metals shipments in the US and Canada have come a long way since the bottoming out that occurred last spring (prompted by the onset of the coronavirus pandemic). According to the Metals Service Center Institute (MSCI), shipments have recovered both in the US and Canada. However, shipments in January still came […]
Copper price continues to rise as supply tightens
The copper price has resumed its rise this month after taking a brief pause in January. Meanwhile, on the supply side, tightening began last year and could exacerbate in the year ahead. Strong demand from China, lack of new mine investment and enthusiasm about copper’s role in the renewables revolution are all contributing to the […]
Japan’s Kosei taps Rusal for new aluminum supply deal
One of the world’s leading producers of low-carbon aluminum, UC Rusal, announced a new collaboration with Japanese automotive component manufacturer Kosei, signifying yet another step in its over 30-year journey. Last week, the Russian aluminum giant Rusal said Kosei had selected it to be its global supplier of high-quality aluminum alloys. Does your company have […]
This Morning in Metals: US industrial production up 0.9% in January
This morning in metals news: US industrial production picked up in January; global aluminum output also rose in January; and, lastly, General Motors reported a milestone in the construction of a new battery cell manufacturing plant in northeast Ohio. US industrial production rises US industrial production rose by 0.9% in January, the Federal Reserve reported. […]