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, including our coverage of: ArcelorMittal’s plant closure in South Africa, the oil price outlook, U.S. steel capacity utilization and steel prices, CAMMU’s call for a Section 232 sunset provision, and […]
Category: Supply & Demand
What happened to the nickel supply shortfall?
By most accounts, nickel has had a good run this year. Among a falling commodity market, nickel has been one of only a couple of metals products that have bucked the trend and seen strong gains. Nickel has jumped some 35% this year, largely on the back of supply-side fears. Looking for metal price forecasting […]
Goldman Sachs is Bullish on Oil Prices in the Long Term
Judging by the share price of shale oil and gas producers, you would think the industry is one from which to keep well away. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Goldman Sachs, however, is recommending clients go long on the premise […]
Aluminum, Steel Demand Weakens in Northern Europe
The normally pragmatic Netherlands has been strangely agitated recently, as both the construction and agricultural industry have protested on the streets of the capital, the Hague, against the government’s measures for combating nitrogen and PFAS-based pollution. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In itself this would barely be […]
Renewables MMI: Cobalt Prices Gain on the Heels of Mutanda Closure News
The Renewables Monthly Metals Index (MMI) fell one point for a November MMI reading of 97. Slowing Cobalt Mine Output According to research group Antaike, global cobalt output growth is expected to slow in 2020, Reuters reported. The report cites Antaike nickel analyst Joy Kong, who said cobalt production is expected to rise by 5,000 tons […]
Amid Plunging U.S. Steel Prices, Has ‘Steelmageddon’ Arrived?
Editor’s Note: This article has been corrected to reflect the most recent AISI capacity utilization rates and the price delta between the ROW and the US. Judging by the plunging share price of steel producers and the collapse in steel prices from $1,006 per ton just over two years ago to $557 now, it would […]
Week in Review: Deal Value Declines, Steel Production Drops, PSA Groupe to Merge with Fiat Chrysler
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, which included a PwC report on mining and metal deals, global steel production, lead and zinc forecasts, and an automotive merger of PSA Groupe and Fiat Chrysler. Keep up to […]
This Morning in Metals: Federal Reserve Cuts Interest Rates Again
This morning in metals news, the Federal Reserve has cut interest rates for the third time this year, AK Steel released its third-quarter financials and 16 steel industry associations praised the work of the Global Forum on Steel Excess Capacity. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
Protests Shake Top Copper Producer as Chile Pulls Out of APEC Summit
Global copper mine production through the first seven months of 2019 declined by 1.3% year over year, according to a recent report by the International Copper Study Group (ICSG). Concentrate production fell 1.0%, while solvent extraction-electrowinning fell by 2.7% during the period, according to the ICSG. Keep up to date on everything going on in […]
Global Lead, Zinc Demand Forecast to Fall in 2019
Amid a weakening demand picture for a number of metals, global lead and zinc demand is forecast to decline this year, according to the International Lead and Zinc Study Group (ILZSG). Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Zinc Demand Forecast to […]
