This morning in metals, miner Rio Tinto recently released its Q4 production results, China unveiled new copper scrap and aluminum scrap regulations, and China’s Jingye Group has called on consultants to help strengthen its case for its British Steel takeover plans. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
Category: Non-ferrous Metals
This Morning in Metals: Alcoa releases Q4, 2019 financial results
This morning in metals news, aluminum maker Alcoa released its financial results for Q4 and 2019, an Ohio steel plant touts investment that it says will bring new jobs and a Pittsburgh-based metals manufacturer says it will have to close a facility unless it wins a steel tariff exemption. Looking for metal price forecasting and […]
With first phase in the books, U.S.-China trade talks shift to next stage
The escalation in U.S.-China trade relations appeared to take a brief pause Wednesday when U.S. President Donald Trump and Chinese Vice Premier Liu He signed what has been billed as a “Phase One” trade agreement between the world’s two largest economies. “Today we take a momentous step, one that has never been taken before with […]
January MMI Report: Steel prices rise, copper gains capped by demand concerns
The January 2020 Monthly Metals Index (MMI) report is in the books, including coverage of rising steel prices, U.S. automotive sales, construction spending and much more. This month, all 10 of the MMIs increased. The GOES, Rare Earths and Global Precious MMIs were the biggest risers, surging by 19.1%, 5.3% and 4.5%, respectively. Keep up to […]
This Morning in Metals: Ford’s China sales fall 26% in 2019
This morning in metals news, 2019 proved to be a down year for Ford Motor Company’s sales in China, Norsk Hydro plans to ramp up production of recycled aluminum this year and Rio Tinto awarded an A$400 million contract for the design of a new mine in Australia’s Pilbara. Looking for metal price forecasting and […]
Monday deadline looms for comments on E.U. copper products facing 100% tariff rate
Following from the long-running case recently won by the U.S. over whether the European Union (E.U.) provided Airbus with subsidies, on Dec. 2 the World Trade Organization (WTO) rejected the E.U.’s claim that subsidies were no longer provided to Airbus. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
Week in Review: U.S. auto sales, aluminum prices and U.S.-Iran tensions
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including: a natural gas transit deal between Russia and Ukraine; aluminum prices; the impact of escalating U.S.-Iran tensions on oil prices; and the copper demand picture. Looking for metal price […]
Copper MMI: Uncertain demand continues to moderate copper price gains
The Copper Monthly Metals Index (MMI) increased by three points this month to 76, the highest value seen since hitting 78 in May. Individual price increases in the Copper MMI basket fell in the range of roughly 1-6%. LME copper prices managed to regain the $6,200 level but proceeded to move sideways from there due […]
This Morning in Metals: European Commission president says E.U.-U.K. trade deal ‘impossible’ by end of 2020
This morning in metals news, European Commission President Ursula von der Leyen said a trade deal with the U.K. will be “impossible” by the end of the year, the Chilean government won’t offer funds to help copper producer Codelco make needed upgrades and state regulators in Indiana say ArcelorMittal has been manipulating test results on […]
Aluminum MMI: Index bounces back after last month’s three-year low
The Aluminum Monthly Metals Index (MMI) bounced off last month’s three-year low with a three-point increase to 86. All prices in the index increased by more than 3%. LME aluminum prices increased in December and surpassed $1,830/mt in early January. Now analysts are watching to see if lackluster demand will allow recent increases to stick.