This week’s coverage included coverage ranging from the announced update to SIMA, iron ore price movements and the U.S.’s decision to rescind the recently reimposed 10% Canadian aluminum tariff. Before we head into the weekend, let’s take a look back at the week that was and all the metals storylines here on MetalMiner. Stay up […]
Category: Non-ferrous Metals
This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff
This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
Copper MMI: Copper prices pick up, aided by strong Chinese demand, supply fears
The Copper Monthly Metals Index (MMI) increased 5.1% for this month’s value, as copper prices continue to pick up globally. LME copper prices increased throughout August, trading over $6,500/mt the last few weeks of the month. SHFE prices also increased during the same period, as local demand remained strong and refined production tightened. Want an […]
Aluminum MMI: SHFE, LME arbitrage influenced by weaker U.S. dollar
The Aluminum Monthly Metals Index (MMI) increased by 2.4% for this month’s MMI value. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign up today. SHFE, LME arbitrage LME and SHFE aluminum prices traded sideways this past month. The LME price […]
Week in Review: Rising copper price; RARE Act; MetalMiner 2021 Annual Outlook
It was another action-packed week in the world of metals, including coverage from Stuart Burns on the rising copper price, developments in the rare earths sector and the release of the MetalMiner 2021 Annual Outlook report. The 2021 Annual Outlook is an invaluable resource for metals buyers preparing to set their spend for the year […]
This Morning in Metals: India to limit copper, aluminum imports
This morning in metals news: India is looking to curb its imports of copper and aluminum; Rio Tinto and Turquoise Hill reached a financing agreement for the Oyu Tolgoi underground mine project; and Germany’s steel industry needs state aid. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. India targets […]
Indian aluminum sector knocked off course by pandemic
The Indian aluminum sector, which once stood firmly on the path of growth, today finds itself buffeted by the winds of uncertainty because of the COVID-19 pandemic. Industry leaders have suggested many measures to the India government to put the sector back on track. Are you under pressure to generate aluminum cost savings? Make sure […]
This Morning in Metals: Trump takes aim at steel imports from Mexico, Brazil
This morning in metals news: President Donald Trump this Monday took aim at steel imports from Mexico and Brazil; the American Iron and Steel Institute responded to the development; and copper price surged to a two-year high. 5 Mistakes Buyers Can Make When Sourcing Steel. Trump targets steel from Brazil, Mexico The Trump administration took […]
This Morning in Metals: SHFE copper heads for fifth consecutive monthly rise
This morning in metals news: copper on the SHFE is headed for its fifth straight month of price increases; a Swedish joint venture is ramping up its efforts toward producing fossil-fuel-free steel; and Mexico is instituting a new export pre-approval process to avoid reimposition of steel tariffs by U.S. President Donald Trump. Do you know […]