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 […]
Category: Non-ferrous Metals
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. […]
What’s next for the former Trump administration’s aluminum tariff?
Whether the new Biden administration creates a more insightful or sophisticated approach to trade remains to be seen. But, if nothing else, a new administration is a chance for a reset on policies that have not worked as intended under a previous administration. Aluminum tariff policy The previous administration’s Section 232 tariffs on aluminum of […]
This Morning in Metals: Copper price rally continues
This morning in metals news: the copper price rally is going strong; meanwhile, Rio Tinto released its 2020 Annual Report; and, finally, Norilsk Nickel reported a fatal accident at one of its facilities. Copper price rally After a January lull, the copper price rally has resumed in February. The LME three-month copper price closed Friday […]
Copper price rises as the metal’s bull story continues
Copper seems to be a one-way bet the last six months. The copper price has risen from a low of $4,371 per metric ton in March last year to $8,631 per metric ton Friday on the LME. According to Reuters, Goldman Sachs and Citi are doubling down on their bull calls for the copper market. […]
Week in Review: Aluminum industry going greener; rare earths chess game; nickel, stainless dynamics
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 aluminum industry and its efforts to curb emissions, China’s latest foray in the global rare earths chess game and much more: You want more MetalMiner on your terms. […]