Several metals prices have been on the rise this year, powered in part by China’s demand recovery (among other factors, including a weakening dollar). Copper, in particular, has been a fast riser this year. Aluminum, however, has not been as strong. Over the last month, the LME three-month aluminum price has gained 4.62%, according to […]
Category: Non-ferrous Metals
This Morning in Metals: Iron ore price surges to six-year high
This morning in metals news: iron ore prices continue to rise; the United States International Trade Commission (USITC) voted to continue investigations related to imports of seamless standard, line and pressure pipe; and Rio Tinto’s Kennecott mine is the first to receive the Copper Mark award. Stay up to date on MetalMiner with weekly, monthly, […]
ICSG: Copper mine production down 2.2% through first five months of 2020
After coming in at comparable levels to last year through the first four months of this year, global mine production fell in May. The International Copper Study Group (ICSG) reported global copper mine production had dropped by 2.2% through the first five months of the year compared to the equivalent period in 2019. Concentrate production […]
This Morning in Metals: Nevada Copper restarts production at Pumpkin Hollow
This morning in metals news: Nevada Copper announced it had restarted production at its underground Pumpkin Hollow mine; zinc prices have received a boost from surging Chinese steel demand; and Norsk Hydro last week announced the suspension of operation of the Paragominas-to-Alunorte bauxite pipeline. We’re offering timely emails with exclusive analyst commentary and some best […]
This Morning in Metals: LME copper inventories fall to 13-year low
This morning in metals news: according to Reuters, LME copper inventories fell to a 13-year low; July unemployment rates fell in 30 states; and the WTI crude price rose slightly last week. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign […]
ILZSG: Global lead, zinc supplies post surpluses through first half of 2020
The global lead and zinc markets posted supply surpluses during the first half of the year, the International Lead and Zinc Study Group (ILZSG) reported late last week. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your metals buy. Lead supply exceeds demand by 78kt The […]
Week in Review: MMI Week; housing starts; price support for zinc, copper, lead
This week, we wrapped up our Monthly Metals Index (MMI) series for the month, including coverage of the renewables sector, stainless steel surcharges and steel demand in China. Furthermore, MetalMiner’s Stuart Burns delved into supply-side impacts on lead, copper and zinc. In other economic indicators, U.S. housing starts surged in July — a bright spot […]
Revamped MetalMiner metals pages highlight track record, ‘should-cost’ prices
If you’ve visited MetalMiner recently, you might have noticed some changes to our aluminum, carbon steel and stainless steel price landing pages. The pages can be found from the homepage’s top menu under “Metal Prices.” As of this month, visitors to these pages can now find a modified, interactive price chart modeling the LME three-month […]
This Morning in Metals: EVRAZ to move ahead with $500M Colorado steel plant expansion
This morning in metals news: EVRAZ will expand its Pueblo, Colorado plant to the tune of approximately $500 million; copper prices surged yesterday; and the Department of Commerce made a preliminary determination in its countervailing subsidy probe of small vertical engine imports from China. We’re offering timely emails with exclusive analyst commentary and some best […]
European Commission launches investigation into flat-rolled aluminum from China
Following on from an investigation started in February, the European Commission has launched an anti-dumping investigation into imports of aluminum flat-rolled products from China. The trade group European Aluminium made the formal complaint to the European Commission. Stop obsessing about the actual forecasted aluminum price — it’s more important to spot the trend. Products included, […]