This morning in metals news: the LME three-month aluminum price has continued to rise in the leadup to the Thanksgiving holiday; Rio Tinto signed a new agreement to strengthen its partnership with China’s Tsinghua University; and, lastly, New York state is one of the U.S. leaders in renewable energy generation. Sign up today for Gunpowder, […]
Category: Non-ferrous Metals
This Morning in Metals: Anglo American signs 10-year deal for LNG-fueled vessels
This morning in metals news: miner Anglo American has signed a 10-year contract to add vessels fueled by liquefied natural gas, or LNG, to its fleet; jobless rates fell in 37 states in October; and copper prices retraced slightly. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete […]
Week in Review: Copper price gains; gold’s one-day plunge; steel imports down 22%
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 copper price, oil price gains and steel imports: The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental […]
This Morning in Metals: U.S. steel imports down 22% through October
This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the second half of October. Want more from MetalMiner? We offer exclusive analyst […]
Aluminum MMI: Aluminum prices continue to receive support
This month the Aluminum Monthly Metals Index (MMI) rose by 3.5%, as the aluminum price made gains in October. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five best practices. Aluminum prices and demand increase The LME aluminum price reached a 17-month high on Oct. 16 at $1,863.50/mt. […]
Copper MMI: Copper price reaches 28-month high
The Copper Monthly Metals Index (MMI) increased 1.2% this month, as copper prices surged to a 28-month high in October. Copper price gains Copper prices reached a 28-month high at $6,901.50/mt on Oct. 22. The price has lost support since, potentially due to surging global coronavirus infections and stalled U.S. stimulus negotiations. Copper is a […]
This Morning in Metals: U.S. imports of blooms, billets and slabs surge
This morning in metals news: the U.S. has seen rising imports of blooms, billets and slabs; the power sector’s coal consumption dropped significantly in the first half of this year; and copper prices trended sideways this week. Do you know the five best practices of sourcing metals, including steel? U.S. imports of blooms, billets and […]
This Morning in Metals: Nickel price gains to start the week
This morning in metals news: the nickel price has gained to start the week; Reliance Steel and Aluminum Co. recently released its Q3 results; and, finally, the U.S. imported $19 billion in energy goods from Mexico last year. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
LME’s proposed low-carbon ‘green aluminum’ contract faces industry opposition
Readers of a recent Financial Times article reporting the opposition of major primary aluminum producers Norsk Hydro and Hindalco Industries to the LME’s proposed “green aluminum” contract may feel the primary producers are swimming against the tide of history. Aluminium is a core material needed for increasing efficiency and lowering carbon dioxide emissions by reducing […]
This Morning in Metals: Steel capacity utilization rate reaches 70.4%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ended Oct. 31 jumped to 70.4%; Cleveland-Cliffs said the Trump administration will take action under Section 232 vis-a-vis imports of laminations and imported grain-oriented electrical steel (GOES); and, finally, the LME three-month primary aluminum price picked up to start the […]