Articles in Category: Product Developments

MetalMiner, the leading metal market price intelligence brand and SaaS platform, providing forecasts, analysis and risk mitigation solutions for global manufacturers, has moved to newly incorporated Alpha Commodities, spinning out of parent company Azul Partners.

Supply chain disruptions, lack of material availability, high prices and rampant inflation have wreaked havoc for manufacturers and other industries. The MetalMiner (SM) Insights platform enables buying organizations to receive actionable procurement guidance and to develop category strategies with real-time price feeds, forecasts, prescriptive sourcing recommendations and should-cost models.

“We’re hearing increasing frustration amongst global manufacturers that highly volatile metals markets and supply chain disruptions have made managing margins nearly impossible,” said Don Hauser, vice president of business solutions and formerly a supply base manager at John Deere. “It has been extremely difficult to achieve budget and profitability targets.”

The MetalMiner Insights platform and related forecasting solutions, currently used by over 50 of the world’s largest OEMs and their supply chain partners, help buying organizations plan their purchases, according to Michael Struhar, senior sourcing manager at Milwaukee Tool Corp. “Personally, the most valuable piece in the Insights platform is the at-a-glance current price and forecast data that assists with forward planning and negotiations,” Struhar said. “It’s the best overall information data related to metal commodities.”

“We are very excited about the company’s growth trajectory and product road map,” said Lisa Reisman, CEO and founder of Alpha Commodities. “For the past six years, MetalMiner has achieved an unparalleled forecasting track record resulting in cost savings and real price risk mitigation for manufacturers. Our AI capability, correlation analysis, and predictive analytics provide the most comprehensive OEM metal price intelligence solution available today.”

The MetalMiner Insights platform provides both 30-day and longer-term price outlooks across a range of non-ferrous and ferrous metals. Built using a technical analysis methodology and AI, MetalMiner subscribers receive specific actionable buying insights to support strategic sourcing decision-making. The platform is available as an enterprise solution and also through a full API integration capability.

The MetalMiner forecasting and buying strategy track record can be accessed here for stainless steel, here for carbon steel and here for aluminum.

Media Contact:

Lisa Reisman

lreisman@metalminer.com

Tel 773.865.0387

About Alpha Commodities

Alpha Commodities, through its MetalMiner (™) brand, provides unique price data, short- and long-term forecasts with actionable buying strategies, and should-cost modeling. The company is a woman-owned business situated in Gary, Ind.

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner:

Each month, MetalMiner hosts a webinar on a specific metals topic. The next webinar is scheduled for Wednesday, Dec. 8, during which the MetalMiner team will discuss price predictions for 2022. To sign up, visit the MetalMiner Events page.

stainless steel rods

selenserger/Adobe Stock

Week of Nov. 15-19 (stainless steel base prices, infrastructure bill and more)

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This morning in metals news: Nucor Corporation announced the launch of a line of net-zero carbon steel products; meanwhile, the American Iron and Steel Institute released September import permit application data; and, finally, average U.S. home mortgage rates continue to hover around 3%.

Are you under pressure to generate steel cost savings? Make sure you are following these five best practices

Nucor announces new line of net-zero carbon steel

Nucor logo

Postmodern Studio/Adobe Stock

Nucor announced it is launching a new line of net-zero carbon steel products.

The steelmaker said General Motors will be the first recipient of the new Econiq™ line of net-zero carbon steel products.

“General Motors will receive the Econiq net-zero steel beginning in Q1 2022, and it is projected that all steel purchased by GM from Nucor will be net carbon neutral by the end of 2022,” Nucor said.

Steel import permit applications jump in September

U.S. steel permit import applications for September surged by 8.8% from August to September, the American Iron and Steel Institute reported.

September import permit application tonnage totaled 2.87 million net tons.

Furthermore, estimated finished steel import market share reached 22% in September, up from 20% for the year to date.

Home mortgage rates remain around 3%

U.S. mortgage rates dipped slightly this week, mortgage loan company Freddie Mac reported.

The average 30-year fixed rate mortgage this week dipped to 2.99%, down by 0.02 percentage point from the previous week. The 15-year rate fell to 2.23%.

“Mortgage rates continue to hover at around three percent again this week due to rising economic and financial market uncertainties,” Freddie Mac noted. “Unfortunately, with the expectation that both mortgage rates and home prices will continue to rise, competition remains high and housing affordability is declining.”

More MetalMiner is available on LinkedIn.

This morning in metals news: U.S. steel capacity utilization dipped to 84.8% last week; meanwhile, General Motors signed a memorandum of understanding with GE Renewable Energy to develop a rare earths supply chain; and, lastly, the United States Trade Representative commented on potential targeted exclusions for the Section 301 tariffs on Chinese goods implemented during the Trump administration.

Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page.

US steel capacity utilization at 84.8%

steelmaking in an EAF

nikitos77/Adobe Stock

U.S. steel capacity utilization fell to 84.8% for the week ending Oct. 2, the American Iron and Steel Institute reported.

The rate dipped from 85.2% the previous week. Meanwhile, steel output last week totaled 1.87 million net tons, AISI reported. The total marked a 0.4% decline from the previous week but a 21.6% year-over-year increase.

Production in the year to date reached 71.4 million net tons, up 20.3% year over year.

GM, GE Renewable Energy sign MoU

General Motors and GM Renewable Energy have signed a memorandum of understanding (MoU) through which they will work to develop a supply chain for rare earths and other materials needed for electric vehicles and renewable energy.

Read more

This morning in metals news: pre-Labor Day retail gasoline prices are at their highest level in seven years; meanwhile, payroll employment rose by 235,000 in August; and, lastly, Norilsk Nickel has signed an agreement to build a liquefied natural gas icebreaker.

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Pre-Labor Day gasoline prices rise

gasoline pump

papzi/Adobe Stock

To the chagrin of those driving this holiday weekend, pre-Labor Day gasoline prices have reached their highest level since 2014, the Energy Information Administration reported.

The average gas price reached $3.15 per gallon as of Aug. 30.

Furthermore, the price marked a 42% jump compared with the same point in 2020.

Payroll employment up 235K

U.S. payroll employment picked up by 235,000 in August, the Bureau of Labor Statistics reported.

Furthermore, monthly job growth so far this year has averaged 586,000 per month.

Read more

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:

Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25

Week of Aug. 16-20 (shipping sector disruptions, Chinese steel prices and more)

Shipping

enanuchit/Adobe Stock

More MetalMiner is available on LinkedIn.

The Atlanta-based aluminum firm Novelis announced it is partnering with China’s leading universities to conduct research into the innovative use of aluminum.

The partnership between Novelis’ Shanghai Customer Solution Center (CSC) and the Tsinghua University Suzhou Automotive Research Institute (TSARI), confirmed by way of a memorandum of understanding (MoU) will drive research and development of aluminum products to promote a “low carbon, sustainable future.”

Novelis is a subsidiary of India’s Hindalco Industries Ltd. The company accounts for almost half of Hindalco’s consolidated revenue.

Furthermore, with operations in 10 countries, Novelis is one of the largest aluminum recyclers in the world. It reported U.S. $11.2 billion in net sales for the most recent fiscal year.

The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies.

Novelis in China

aluminum sheet

maskalin/Adobe Stock

However, Novelis already has a significant presence in China.

Back in May, for example, the aluminum major announced that it would supply Nissan with a sustainable, lightweight aluminum body sheet for the all-new Qashqai SUV and create a closed-loop recycling system in Europe.

Read more

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including copper price developments, an upcoming MetalMiner webinar and more:

The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies.

copper mine

Gary Whitton/Adobe Stock

Week of May 17-21 (copper prices, MetalMiner webinar and more)

All the metals intelligence you need in one user-friendly platform with unlimited usage — request a MetalMiner Insights platform demo.

This morning in metals news: several companies have collaborated on a solution that aims to allow for end-to-end cobalt traceability; meanwhile, the Associated General Contractors of America said rising materials prices threaten the economic recovery; and, lastly, the US, Canada and Mexico issued a trilateral statement on the United States-Mexico-Canada Agreement.

The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies.

Companies collaborate on cobalt traceability solution

cobalt

Chris Titze Imaging/Adobe Stock

Several companies have collaborated to launch a pilot solution, dubbed ReISource, that will allow for “end-to-end cobalt traceability.”

A majority of the world’s cobalt is mined in the Democratic Republic of the Congo. Ethical concerns regarding labor conditions for cobalt miners in the country (including allegations of the use of child labor) have prompted some companies to act in an effort to shine a light on the supply chain, from mine to end use.

Glencore is teaming up with CMOC, Eurasian Resources Group (ERG) and battery material supplier Umicore.

“Tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites, the pilot will run until the end of 2021, with the roll-out of the final solution expected in 2022,” Glencore said in a release.

Recently, MetalMiner’s Stuart Burns delved into the DRC government’s effort to clean up the artisanal mining sector (albeit with other motives, too).

Read more

This morning in metals news: Alcoa announced its first quarter financial results; US housing starts surged in March; and General Motors and LG Energy Solution are building a second Ultium battery cell manufacturing plant in the US.

The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies.

Alcoa releases first quarter financial results

earnings sign

zerophoto/Adobe Stock

Alcoa released its first quarter financial results Thursday, in which it posted strong numbers boosted by higher aluminum and alumina prices.

The firm reported net income of $175 million in the first quarter of 2021. That compares with income of $80 million in Q1 2020. Meanwhile, Alcoa reported a net loss of $4 million in Q4 2020.

“We had an excellent first quarter with our best quarterly result since a record-setting year in 2018,” Alcoa President and CEO Roy Harvey said. “We excelled from the top line to the bottom line, controlling production costs and capturing the benefits of improved demand and stronger prices for alumina and aluminum.”

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