The Copper Monthly Metal Index (MMI) came in again at 79. Nearly all of the prices in the copper basket fell this month, with price declines in the range of 0.3%–1.9%. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what you need LME copper prices moved sideways during the month and oscillated […]
Category: Non-ferrous Metals
This Morning in Metals: Steel Capacity Utilization Rate Reaches 81.9%
This morning in metals news, the U.S. steel sector’s capacity utilization rate for the year through April 6 reached 81.9%, the zinc price fell on easing supply concerns and miner Glencore is becoming a bigger and bigger player in the copper market. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: ‘Significant Work’ Remains in U.S.-China Trade Talks
This morning in metals news, the U.S. and China’s trade negotiations march on, China’s Tewoo Group sells copper at below market value and a U.S. aluminum executive says tariffs aren’t the answer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Work to Do After the latest round of trade talks […]
Aluminum MMI: Subindex Steady While Semi-Finished Products Move Higher
The April Aluminum Monthly Metals Index (MMI) held steady this month, again coming in at a value of 88. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Within the MetalMiner IndX(™) aluminum price basket, Korean semi-finished aluminum prices weakened the index score again this month, while the LME price fell […]
This Morning in Metals: Copper Mining Heats Up Amid Rising EV Demand
This morning in metals news, Russian investors are interested in Nevada copper, iron ore is booming and Vietnam’s steel sector looks to build on a record-setting 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nevada Copper Among other metals, copper will become increasingly important as electric vehicles gain market […]
This Morning in Metals: Copper Price Falls Again Amid Weak German Manufacturing Data
This morning in metals news, the copper price fell again, stocks picked up Thursday as U.S.-China trade talks continued and shares of Reliance Steel are up 31% this year. Has Copper Hit a Wall? The London copper price had been enjoying an upward trajectory from the start of the year through most of February, but […]
This Morning in Metals: Trump Threatens to Close Southern Border
This morning in metals news, President Donald Trump threatened to close the southern border with Mexico, U.S. Steel was fined over $700,000 for air pollution violations and the LME copper price fell Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump Threatens to Close Mexico Border President Trump intensified […]
Sumitomo Metal Mining Co., Ltd. Releases 2019 Production Guidance
Japan’s Sumitomo Metal Mining Co., Ltd., the second-largest producer of copper in Japan unveiled its fiscal year 2019 production guidance on Monday (for the year beginning this month). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The company guidance calls for production of 420,000 tons of electrolytic copper. That total […]
Week in Review: Brexit Saga Continues, a Section 232 Challenge and Steel Imports
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 The prospect of a no-deal Brexit is inching closer and closer to reality. India’s steelmakers are facing an […]
This Morning in Metals: Mnuchin Calls Latest Round of China Trade Talks ‘Constructive’
This morning in metals news, U.S. Treasury Secretary Steven Mnuchin tweeted Friday that this week’s round of trade talks with China were “constructive,” LME copper is on its way for its first quarterly gain since the end of 2017 and China’s imports of copper are forecast to dip this year. Need buying strategies for steel? […]