This morning in metals news, the Chinese steelmaking province of Hebei has moved up its target date for plant relocation and capacity cuts, miners in the Democratic Republic of the Congo are moving to copper as a result of dropping cobalt prices, and Chile’s copper exports fell in June. Need buying strategies for steel? Request […]
Category: Non-ferrous Metals
This Morning in Metals: Department of Commerce Announces Circumvention Rulings on Vietnamese Steel
This morning in metals news, the Department of Commerce made preliminary affirmative determinations with respect to imports of steel from Vietnam, iron ore is powering Australia’s trade surplus and copper slipped for the second straight session. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DOC Issues Circumvention Rulings The Department […]
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
Lead, Zinc Post Supply Deficits Through First Four Months of 2019
According to the International Lead and Zinc Study Group’s (ILZSG) most recent report, the global lead and zinc markets both were in deficit through the first four months of the year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Zinc Deficit Hit 97,000 Tons Global refined zinc supply fell short […]
ICSG: Global Copper Mine Production Falls 1.3% in Q1 2019
According to the International Copper Study Group’s (ICSG) most recently monthly report, global copper mine production dropped 1.3% in Q1 2019 compared with the same quarter the previous year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In addition, concentrate production fell 1% and solvent extraction-electrowinning fell 3.5%. Top copper […]
This Morning in Metals: Strike Ends at Coldelco’s Chuquicamata Copper Mine
This morning in metals news, a workers’ strike came to an end at top copper producer Codelco’s Chuquicamata mine in Chile, South Korean steelmakers Posco and Hyundai Steel are facing government shutdown orders at some locations over emissions, and the liquidated British Steel has attracted some interest before a June 30 bid deadline. Need buying […]
Strike at Chuquicamata Copper Mine Drives Prices Up — How Far Will They Go?
Copper appears to be caught in the crosswinds. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After months of steady declines from a peak of U.S. $6,600 per ton in April, the copper price had drifted down to well below $6,000 per ton on fears of what impact the ongoing […]
This Morning in Metals: MetalMiner’s Trade Resource Center is Live
This morning in metals news, MetalMiner now has a trade-centered news portal, the European steel sector is demanding tougher safeguards and the copper price posted gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner Trade Resource Center Tariffs, trade deals and trade wars — the world is abuzz these […]
Global Aluminum Production Hits 5.43 Million Metric Tons in May
According to the International Aluminum Institute, global aluminum production in May reached 5.43 million metric tons, holding flat from May 2018 production. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook By region, China led the way with 3.09 million metric tons produced, about flat compared with May 2018 production. Elsewhere, Asian production ex-China […]
Week in Review: Steel Prices in China, U.S. Housing Starts and USMCA
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In case you missed it, MetalMiner’s June 2019 Monthly Metals Index report is out. MetalMiner’s Belinda Fuller […]
