This morning in metals news: CEOs across the aluminum industry supply chain sent a letter to United States Trade Representative Robert Lighthizer to voice their opinion about a potential reimposition of aluminum tariffs on aluminum from Canada and Mexico; the International Aluminum Institute recently released global production figures for May; and the Energy Information Administration […]
Category: Non-ferrous Metals
Midwest aluminum premium surges on threat of tariff rise
At the behest of the American Primary Aluminum Association (APAA), U.S. Trade Representative Robert Lighthizer has been encouraged to push the Trump administration to rule this week against Canada’s duty-free status for primary aluminum into the U.S. market.
Global copper mine production rises 0.5% in Q1; Q2 price rally continues
According to the most recent data released by the International Copper Study Group, global copper mine production rose 0.5% in the first quarter of 2020 compared with Q1 2019.
This Morning in Metals: Bloomberg: U.S. mulling reimposition of Canadian aluminum tariffs
This morning in metals news, the U.S. is reportedly considering reimposing tariffs on Canadian aluminum, U.S. liquefied natural gas (LNG) exports have plunged and global copper mine production ticked up 0.5% in Q1 2020.
This Morning in Metals: U.S. import prices rise 1.0% in May
This morning in metals news, the Bureau of Labor Statistics reported prices of U.S. imports increased in May, Alcoa will begin the formal process of dismissing employees at the San Ciprián aluminum smelter, and India wants its oil and gas producers to use more domestically produced steel.
Chinese aluminum semi-finished product exports continue to fall
As we predicted last week, the LME to SHFE arbitrage window has closed. Investors were unlikely to leave that open for long and the resulting inflow of half a million tons of aluminum in May no doubt contributed to a narrowing of the delta.
Stainless MMI: LME nickel prices grow for second consecutive month
The Stainless Monthly Metals Index (MMI) held flat this month.
Week in Review: Haulage faces roadblocks; copper rallies; Chinese steel demand recovers
Let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
This Morning in Metals: GFG looks to cut costs for post-COVID-19 economy
This morning in metals news, GFG Alliance is preparing for the realities of the post-COVID-19 world, the U.S. set wind power records this spring and Chinese lead stocks recently doubled.
Aluminum MMI: Aluminum price climbs despite overwhelming supply
The Aluminum Monthly Metals Index (MMI) increased by nearly 1.4% this month.