Global copper mine production dipped last year compared with 2018, according to the most recently monthly data from the International Copper Study Group (ICSG). Request a 30-minute demo of the MetalMiner Insights platform now. Copper concentrate production declined 0.6% and solvent-extraction electrowinning fell by around 1%, the ICSG reported.
Category: Non-ferrous Metals
Aluminum mills are moving down the carbon league tables
Despite a plunging LME price and dire short-term prospects for metal consumption in Europe and the U.S., aluminum mills are still following through on long-term plans to improve their environmental credentials. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! They are doing this, particularly, to lower […]
If Chinese smelters don’t turn off the taps, the world could flooded with aluminum
We are not claiming any particular foresight on this, but a recent Reuters article yesterday covers a topic we wrote on last week concerning the disconnect between China’s aluminum smelters, which managed to raise output by 2.4% during the troubled first two months of this year, and the downstream aluminum semi-finished product producers, which all […]
This Morning in Metals: U.S. steel production up 0.4% through March 14
This morning in metals news, U.S. raw steel production is up through the first 2 1/2 months of the year, Anglo American will temporarily slow work on its Quellaveco copper project in Peru and China’s copper inventories are up to a four-year high. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Copper MMI: Mixed price movements hold index sideways
The Copper Monthly Metals Index (MMI) held at a value of 70 this month based on a mix of mild price changes globally. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo LME copper prices traded sideways during most of February, following late January’s […]
Aluminum MMI: Demand weakness leads to further price deterioration
The Aluminum Monthly Metals Index (MMI) dropped three points once again, falling to 80 this month. Request a 30-minute demo of the MetalMiner Insights platform now. After holding sideways for most of February, LME aluminum prices once again grew weaker later in the month. Prices hit new short-term lows as of early March.
This Morning in Metals: U.S. steel capacity utilization rate hits 81.8%
This morning in metals news, the U.S steel sector posted a capacity utilization rate of 81.8% through the first two months of the year, a major copper conference has been canceled amid coronavirus concerns and a British Steel takeover deal has finally been reached. Looking for metal price forecasting and data analysis in one easy-to-use […]
ICSG: Copper deficit at 385K tons through first 11 months of 2019
According to the International Copper Study Group, the global copper market was in deficit by approximately 385,000 tons through the first 11 months of 2019. Generate hard savings on your metal buys year-round; trial MetalMiner’s monthly outlook report The LME three-month copper price built some upward momentum in late 2019 and the first two weeks […]
This Morning in Metals: Australian miner Fortescue posts strong 1H FY 2020
This morning in metals news, Australian miner Fortescue reported financial results for the first half of fiscal year 2020, Chinese iron ore futures rise and the LME primary three-month aluminum price slides. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly metal buying outlook
Finally, the E.U. is looking at anti-dumping duties on Chinese aluminum
Aluminum extrusions from China are currently subject to anti-dumping duties in the U.S., Canada, Australia and, for a more unique reason of its own, Vietnam, Aluminium Insider reported. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial. But despite repeated complaints from the industry and […]