This morning in metals news, the U.S. Treasury Wednesday announced it will lift its sanctions against companies owned by Russian oligarch Oleg Deripaska (which includes aluminum giant United Company Rusal), Chinese steel prices hit a five-week high and Alcoa cuts aluminum production amid a labor dispute at its Becancour smelter in Quebec. Need buying strategies […]
Category: Public Policy
Vedanta Shares Rise After Indian Court Order to Restart Shuttered Copper Smelter
In a ruling that caught many by surprise, an environment court in India set aside a provincial government order to shut down Vedanta’s copper smelter plant permanently. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This is the same plant over which the local population in the southern Indian state […]
Still Confused About Brexit? You Should Be
Ed. note: Enjoy this timely dispatch from London by MetalMiner’s Editor at Large. Not just Europe but the entire world was surprised at Britain’s decision following a referendum in 2016 to leave the EU. At the time, the media was full of the story but in the interim we have all rather switched off as […]
Week in Review: Falling Oil Price, Steel Production and USMCA
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sohrab Darabshaw covered India’s view of the Regional Comprehensive Economic Partnership (RCEP). The oil price has plunged — […]
CEOs Talk Section 232, USMCA as G20 Summit Approaches
With the United States-Mexico-Canada Agreement (USMCA) potentially being signed by the three parties this week during the G20 Summit in Buenos Aires — which will take place over two days, Nov. 30-Dec. 1 — the trade deal and tariffs are on the minds of industry CEOs, from manufacturing to agriculture. Need buying strategies for steel? […]
This Morning in Metals: Senators Request Review of Tariff Waiver Process
This morning in metals news, U.S. senators are asking for an independent review of the Trump administration’s Section 232 tariff waiver process, LME copper is down for the third straight day and Chinese steel mills are preparing for difficult times ahead. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Another […]
Metal Manufacturers Group Weighs in on Tariff Exclusion Process
Yesterday, we noted a recent Aluminum Association letter, in which the industry group claimed the Department of Commerce’s Section 232 tariff exclusion request undermined the domestic aluminum industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On Tuesday, the Coalition of American Metal Manufacturers and Users (CAMMU) also weighed in […]
This Morning in Metals: China’s Steel Output Soars in October
This morning in metals news, China’s October steel output hit a record high, workers and management at U.S. Steel have reached an agreement on a four-year labor deal and the Aluminum Association in a letter criticized the Department of Commerce’s tariff exclusion process. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
Is the Russian Aluminum Giant Rusal Off the Hook?
Reading like Tolstoy’s “War and Peace,” an epic article in The New York Times explores the background and history of Oleg Deripaska’s battle to initially gain acceptance in the West and, later, to save his companies — notably Rusal and its holding company En+ — from potentially bankrupting U.S. sanctions. Buying Aluminum in 2019? Download […]
Rome Goes to War with Brussels
Readers in North America can be excused for puzzling why Europeans worry overly about the so-called “Eurozone crisis.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook They seem to come around periodically. There is a great deal of noise and some volatility in the stock markets, but eventually — whether […]