The Aluminum Monthly Metals Index (MMI) dropped by one point again this month, this month down to an MMI reading of 82. However, rather than universal price weakness like last month, price declines in China pulled the index down (along with a milder drop in LME prices). All other prices in the index increased, although […]
Category: Non-ferrous Metals
Week in Review: Steel Production, Copper Prices and India’s Nuclear Power Capacity
Before we head into the weekend, let’s take a look back at this week’s coverage on MetalMiner, which included analysis of Chinese steel production, the U.S.’s search for sources of rare earths outside of China, and falling copper and aluminum prices. Keep up to date on everything going on in the world of trade and […]
Automotive MMI: After Strong August, Sales Slow in September
The Automotive Monthly Metals Index (MMI) held flat this month for an MMI reading of 85. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Auto Sales The Big 3, which now all report sales on a quarterly basis, released sales figures for the […]
Aluminum Prices Slide on Supply and Demand Fundamentals, Strong Dollar
Aluminum consumers have watched the primary ingot price drift gradually lower since the beginning of this year. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. There have been peaks and troughs, of course, as the price is buffeted by trade news, mill outages […]
This Morning in Metals: WTO Panel Rules in U.S.’s Favor, Opening Door to $7.5B in Tariffs on E.U. Goods
This morning in metals news, the WTO ruled in favor of the U.S. in its ongoing battle with the E.U. over Airbus subsidies, striking workers at General Motors rejected the automaker’s latest offer, a Louisiana steel group has gone bankrupt and copper prices are slumping. Keep up to date on everything going on in the […]
This Morning in Metals: U.S. Steel Announces Joint Venture Partnership with Big River Steel
This morning in metals news, U.S. Steel announced a new joint venture with Big River Steel, the E.U.-U.S. fight over aircraft subsidies continues and Chile’s copper output increased in August. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Steel to Purchase 49.9% […]
This Morning in Metals: General Motors Strike Enters Third Week
This morning in metals news, the nationwide General Motors strike has entered its third week, Norsk Hydro is opening a new aluminum research lab and Thyssenkrupp announced a new CEO will take over Oct. 1. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. […]
This Morning in Metals: U.S. Steel Imports Down 13.6% This Year
This morning in metals news, U.S. imports of steel through the first eight months of the year are down 13.6%, Rio Tinto signed a memorandum of understanding (MOU) with China’s largest steel producer and LME copper prices fell Thursday. Keep up to date on everything going on in the world of trade and tariffs via […]
This Morning in Metals: Rio Tinto to Offer Responsibly Produced Aluminum
This morning in metals news, Rio Tinto will offer independently certified and responsibly produced aluminum, Norsk Hydro hosts Investor Day and copper prices move upward. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Rio Tinto to Offer Responsibly Sourced Aluminum As MetalMiner’s Stuart […]
Global Copper Mine Production Down 1.4% in 1H 2019
Copper prices have been sliding this year, with the average LME cash price in August of $5,707.98/mt down 3.9% from a July average of $5,939.85/mt. Global copper mine production is also down. Through the first half of 2019, copper mine production was down 1.4% compared with the first half of 2018, according to a report […]