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 […]
Category: Non-ferrous Metals
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 […]
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
This Morning in Metals: ArcelorMittal Expresses Concerns Over Italy’s Crescita Law Decree
This morning in metals news, steelmaker ArcelorMittal has concerns over a new law Italy is set to approve later this month, Vietnam plans to impose anti-dumping duties on coated steel from China and South Korea, and a work stoppage continues at Codelco’s Chuquicamata copper mine in Chile. Need buying strategies for steel? Request your two-month […]
U.S. Midwest Premium Remains High to Consumers’ Chagrin
Aluminum base prices on the London Metal Exchange (LME) have been sliding for the last couple of months, suggesting we have a market in surplus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last […]
Week in Review: MMI Week, U.K.’s Auto Sector and E-Rickshaws
Before we head into the weekend, let’s take a look 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 We wrapped up our June Monthly Metals Index (MMI) series, this week with posts on: Aluminum Copper Rare […]
Copper MMI: Global Supply Deficit Outweighed by Macroeconomic Uncertainty
This month’s Copper Monthly Metals Index (MMI) reading for copper dropped to 73 from last month’s reading of 78, the new low for the year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices continued to trend downward, but technically still remain in a long-term bull market. […]