Investment banks love a super cycle. It spurs irrational investment and sucks in unwary investors. Furthermore, it encourages passive funds to up their allocation, even if only by fractions of a percent. But with some $14 trillion invested in US equities alone, even a modest increase in passive investments into ETFs would reap significant rewards […]
Category: Non-ferrous Metals
This Morning in Metals: Novelis unveils high-strength automotive aluminum
This morning in metals news: Novelis announced the commercial availability of a new class of high-strength automotive aluminum; meanwhile, the United States Geological Survey updated its Mineral Deposit Database for niobium; and the global aluminum market surplus more than tripled from 2019 to 2020. Novelis announces new high-strength automotive aluminum Atlanta-based Novelis today announced it […]
Nickel Supply Chain Could be Strengthened by EV Makers
Electric vehicle manufacturers are wooing Indonesia to create a nickel-based battery supply chain in that country. Elon Musk’s Tesla and China’s Contemporary Amperex Technology, otherwise known as CATL, and South Korea’s LG Chem are in the fray. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top […]
This Morning in Metals: Copper price surges after January cooldown
This morning in metals news: the copper price is on its way back up again; meanwhile, Rio Tinto reached a new power agreement for its ISAL aluminum smelter; and, lastly, oil prices continue to rise. Copper price surges After a sleepy January, copper prices are back on the ascent. The LME three-month copper price closed […]
Week in Review: Biden administration reimposes UAE tariff; copper demand; stainless steel price hikes
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 the Biden administration reimposing a tariff on aluminum from the UAE, copper demand and much more. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]
This Morning in Metals: Coalition of American Metal Manufacturers and Users calls for end to Section 232 tariffs
This morning in metals news: the Coalition of American Metal Manufacturers and Users called on the Biden administration to rescind the Section 232 steel and aluminum tariffs; meanwhile, the Energy Information Administration forecasts US energy-related CO2 emissions to rise after the mid-2030s; and, lastly, US President Joe Biden spoke this week with Chinese President Xi […]
This Morning in Metals: December steel shipments jump 4.4%
This morning in metals news: December steel shipments rose by 4.4%; meanwhile, miner BHP announced plans to work with Japanese steelmaker JFE to study how to reduce greenhouse gas emissions from the steelmaking process; and, lastly, the copper price has bounced back after a January lull. Steel shipments rise in December US steel shipments rose […]
Tin market in a squeeze as supply is hard to find
We have said it before, but we are not great fans of using stock levels as a predictor of price trends or even as a proxy for wider physical market metal availability — however, in the case of the tin market, LME stock position is the surest illustration of a market under extreme duress. Tin […]
Copper MMI: Copper demand likely to remain strong well into 2021
The Copper Monthly Metals Index (MMI) increased for the fourth consecutive month, rising by 1.1%, as copper demand is likely to remain strong this year. Copper prices traded sideways throughout January, which proved to be a slow month for the red metal. Most of its momentum over the past year came from China, which has […]
This Morning in Metals: EIA forecasts renewables share of US electricity generation to double by 2050
This morning in metals news: the Energy Information Administration forecast the renewables share of US electricity generation will double by 2050; meanwhile, the US unemployment rate fell to 6.3% in January; and, lastly, the tin price has bucked the recent general trend for base metals prices. EIA: renewables share of electricity generation to double by […]