This morning in metals news, the Aluminum Association called for the removal of aluminum tariffs on Canada and Mexico, Norsk Hydro offered another update on its operations one week after it was hit by a cyber attack, and Vale SA’s 4Q 2018 iron ore output increased 8.2%. Aluminum Groups: Remove Aluminum Tariff Before Passage of […]
Category: Non-ferrous Metals
ICSG: Global Copper Deficit Estimated at 390K Tons in 2018
The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase […]
Despite Poor Forward Indicators, Copper is on a Roll
There seems to be no holding copper. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The metal’s price hit an eight-month high this month, helped over the line by the Federal Reserve dropping plans for further interest rate hikes this year. But much of the rise seems to be on […]
This Morning in Metals: Shanghai Copper Price Plunges
This morning in metals news, the price of copper on the SHFE fell, Australian iron ore exports are impacted by a cyclone and miner Vale SA halted operations at its Alegria iron ore mine. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Falls The Shanghai copper price dropped […]
This Morning in Metals: Trump Says China Tariffs Could Stay for ‘Substantial Period of Time’
This morning in metals news, President Donald Trump indicated Wednesday the U.S. tariffs on China might not be going away anytime soon, copper prices soared to an eight-month high and an Ohio steel company received a state grant to upgrade a railroad spur. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: Australian Firm Makes $575M Offer for Glencore Mine
This morning in metals news, Aeris Resources Ltd. has put in a big offer for a Glencore mine in Australia, trade volumes at the Port of Brownsville increased 6.6% in 2018 and one consultancy says U.S. tariffs on aluminum have actually driven Chinese exports of the metal. Need buying strategies for steel? Request your two-month […]
This Morning in Metals: Antofagasta Forecasts Copper Deficit of 100K-300K Tons
This morning in metals news, Chilean miner Antofagasta expects a copper deficit this year, Polish lawmakers have proposed slashing the country’s mining tax and hackers have targeted Norwegian aluminum maker Norsk Hydro. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Deficit Chilean miner Antofagasta forecasts a 2019 copper deficit […]
Markets Look to China for Some Good News
Stock and currency markets have been a little perkier the last week or so as expectations rise of some form of Chinese stimulus to boost demand — and, hence, global growth. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook That optimism, though, may be somewhat misplaced. China has limited scope […]
This Morning in Metals: Copper Prices Steady to Start the Week
This morning in metals news, copper prices were up slightly Monday, Tokyo Steel held prices steady for the fourth straight month and Rio Tinto responds to criticism about carbon emissions stemming from its customers’ operations. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices LME copper traded up 0.4% […]
Toyota Announces New U.S. Investment, Including at Tennessee, Missouri Aluminum Plants
Automaker Toyota last week announced a push to increase its previous investment pledge in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Last week the automaker announced it would up a 2017 pledge to invest $10 billion in the U.S. over five years, increasing the investment up to $13 […]