The Construction Monthly Metals Index (MMI) traded flat this month for a February MMI reading of 79. Request a 30-minute demo of the MetalMiner Insights platform now. U.S. construction spending U.S. spending on construction reached a seasonally adjusted annual rate of $1,327.7 billion in December, marking a 0.2% drop from November but a 5.0% increase […]
Category: Non-ferrous Metals
Copper prices give up their gains as world monitors coronavirus impact
As my colleague, Fouad Egbaria reported earlier this week, copper prices have been on a slide. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo Reuters also reported this week that copper on the LME traded down 0.1% at $5,634 a ton in official […]
This Morning in Metals: U.S. Steel releases Q4, full-year 2019 results
This morning in metals news, U.S. Steel’s latest financial release reflects a difficult 2019, Brexit is near and copper continues its slide. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. U.S. Steel reports Q4, full-year 2019 financials U.S. Steel posted net losses of […]
Aluminum price struggles to gain traction amid production restarts, ramp-ups
Analysts are finding it hard to get a handle on what lies ahead for 2020 aluminum prices. On the one hand, some well-respected sources, like Capital Economics, are suggesting in a recent report that prices will rise by year-end on the back of stronger demand, despite a return to production of temporarily shuttered production in […]
Trump expands Section 232 tariffs on steel, aluminum derivatives
Late Friday, the Trump administration announced it would raise the Section 232 steel and aluminum tariffs, originally imposed in 2018, on imports of steel and aluminum derivatives. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “The Secretary has informed me that domestic steel producers’ capacity utilization […]
This Morning in Metals: Copper prices slide amid coronavirus fears
This morning in metals news, copper prices have been sliding amid growing fears over the spread of the coronavirus in China, laminated steel manufactured by Tata Steel in the Netherlands has been exempted from U.S. tariffs and China’s Jingye is reportedly considering building a new metals recycling furnace in the U.K. Looking for metal price […]
Global aluminum production picks up in December; China’s ’19 output down from ’18
Global aluminum production ticked up in December 2019 to 5.44 million tons, up from 5.26 million in November 2019, according to recent data from the International Aluminum Institute. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! However, December 2019 production was down slightly from December 2018, […]
This Morning in Metals: Turkey’s Cengiz eyes Jingye’s British Steel takeover bid
This morning in metals news, a Turkish conglomerate is reportedly ready to step into the British Steel process if Jingye Group’s takeover effort falls apart, copper prices fell to a two-week low and an Indonesian company aims to augment its aluminum production. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
Global copper mine production down 0.3% through first 10 months of 2019
The International Copper Study Group (ICSG) reported global copper mine production fell 0.3% through the first 10 months of 2019. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the ICSG, concentrate production during the period was flat, while solvent extraction-electrowinning fell 1%. Production in […]
This Morning in Metals: BHP copper production up 7% in H2 2019
This morning in metals news, BHP released its half-year production results, the GFG Alliance unveiled a new aluminum group and copper prices have been on the rise early this year. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! BHP’s copper production rises 7% Miner BHP released […]