The aluminum price on the SHFE is outpacing its LME counterpart and Chinese demand for the metal remains strong.
Category: Supply & Demand
Resilient tin is being driven by sound fundamentals
All the base metals have been on the up recently. Nonetheless, it would be naïve to put all such resilience down to a weakening U.S. dollar (supportive as that is for metals prices).
This Morning in Metals: USITC requests $2.75M to assist in USMCA implementation
This morning in metals news: the United States International Trade Commission asked for an additional $2.75 million in its budget to help it toward implementation of the United States-Mexico-Canada Agreement (USMCA); the World Gold Council released its H1 2020 report; and U.S. beverage makers are grappling with an aluminum can shortage.
This Morning in Metals: U.S. steel shipments down 32.9% in May
This morning in metals news: U.S. steel shipments fell 32.9% in May; a Chilean lab is using copper in the fight against COVID-19; and some stores are feeling the effect of an aluminum can shortage.
Webinar: MetalMiner’s Lisa Reisman, Don Hauser on metals buying strategies during volatile markets
If you are a metals purchaser, it is imperative to mitigate risk and keep costs down whenever possible. Of course, volatile market conditions can very quickly disrupt a buying organization’s approach, whether it’s due to the imposition of new tariffs, the coronavirus outbreak or the oil price plunge (just to name a few recent events […]
Chinese construction steel prices dip amid cluster of new coronavirus cases
As much as China would have the rest of the world believe it has the coronavirus beat, both the authorities and the economy are acutely sensitive to the possibility of a resurgence.
World Steel Association forecasts 18% decline in Indian steel demand
Various agencies have pegged the contraction of Indian steel demand to come in anywhere between 14-18%. A new report by the World Steel Association has said India’s steel demand would fall by 18% in 2020, even as global steel demand was expected to drop to 6.4% because of the COVID-19 pandemic, the Financial Express reported.
Week in Review: Mitigating steel price spikes; supply chain impacts; lead, zinc surpluses
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:
ILZSG: Global lead, zinc markets post supply surpluses in Q1 2020
The International Lead and Zinc Study Group (ILZSG) this month reported the global lead and zinc markets posted supply surpluses for the first quarter of 2020.
How reliable are India and Pakistan’s supply chains in the current environment?
A disturbing article in the usually sober British newspaper The Telegraph makes for difficult reading for consumers with supply chains dependent on the Pakistan or Indian subcontinent. It suggests, for different reasons, both countries are significantly underreporting the level of coronavirus deaths. In the process, both countries could be a ticking time bomb for a […]