Aluminum prices have been on an upward trend the last week or two, currently holding comfortably above $1,500 per ton for spot cash after months in the $1,400s. The market, though, is undergoing convulsions.
Category: Non-ferrous Metals
This Morning in Metals: Hydro to launch JV for electric vehicle battery recycling
This morning in metals news, aluminum maker Norsk Hydro recently announced the formation of a joint venture that will aim to recycle electric vehicle batteries, the Aluminum Association reiterated its stance on the need for an aluminum import monitoring system and a Dutch bank says gold prices are expected to drop.
This Morning in Metals: GM to ramp up production of pickups, SUVs
This morning in metals news, General Motors is planning to increase production of its popular pickups and SUVs, U.S. Steel announced a long-term iron ore supply deal, and copper prices have made some gains today.
ILZSG: Global lead, zinc markets post supply surpluses in Q1 2020
The International Lead and Zinc Study Group (ILZSG) this month reported the global lead and zinc markets posted supply surpluses for the first quarter of 2020.
This Morning in Metals: Copper demand to fall 5.4% this year, IWCC says
This morning in metals news, copper demand is set to take a fall this year, iron ore prices are getting a boost and the Pilbara Ports Authority announced new risk-assessment measures.
A Memorial Day review of the top 10 most-viewed posts of 2020 (so far)
The first five months of 2020 have been quite busy ones for the world of metals. Request a 30-minute demo of the MetalMiner Insights platform now. On this Memorial Day, let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year. Oil price collapse is far from […]
Week in Review: Stainless steel prices; Novelis-Aleris developments; SAIL looks to export markets
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner:
This Morning in Metals: Cleveland-Cliffs to raise flat-rolled steel prices
This morning in metals news, Cleveland-Cliffs announced plans to increase its flat-rolled steel prices, China’s copper inventories have declined and the iron ore price moved up near $100 per ton Thursday.
This Morning in Metals: Aluminum Association reiterates support for Section 232 aluminum tariff exemptions
This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75 […]
Novelis loses Lewisport in approval of Aleris deal
It was never going to be a straightforward takeover. India’s Aditya Birla Group as the owner of Hindalco — and, therefore, Novelis — cemented its position as the world’s largest producer of value-added aluminium products with the completion of the USD 2.8 billion acquisition of Aleris last year. However, approval from the U.S. Justice Department […]