Japan’s Sumitomo Metal Mining Co., Ltd., the second-largest producer of copper in Japan unveiled its fiscal year 2019 production guidance on Monday (for the year beginning this month). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The company guidance calls for production of 420,000 tons of electrolytic copper. That total […]
Category: Supply & Demand
Week in Review: Brexit Saga Continues, a Section 232 Challenge and Steel Imports
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The prospect of a no-deal Brexit is inching closer and closer to reality. India’s steelmakers are facing an […]
Oil Price Sits in a Precarious Temporary State of Balance After Strong Rises
Oil prices have rallied this quarter, with Brent crude hitting a peak of U.S. $67.50/barrel, according to oil-price.com. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Goldman Sachs is quoted in a note to investors as saying the resilient demand growth and supply outages could push prices up to U.S. […]
Week in Review: ACEA on Section 232, Oil on the Rise and India’s Railways
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The European Automobile Manufacturers’ Association (ACEA) recently weighed in on the Trump administration’s Section 232 automotive investigation. Both […]
ILZSG: Global Lead, Zinc Post Supply Deficits in 2018
The International Lead and Zinc Study Group (ILZSG) recently released data for 2018 showing lead and zinc posted supply deficits last year. Zinc Zinc supply fell short of demand by 384 kt in 2018, according to the ILZSG. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Zinc mine output “increased […]
Supply Worries Drive Iron Ore Prices to New Heights
Two major dam disasters in three years are enough to put the frighteners on investors and get the media abuzz with talk of supply-side shortages. Yet as small as Vale’s production loss is, the fact remains the market is relatively tight, and supply is becoming an issue again after many years of plenty. Need buying […]
Week in Review: Gold Demand, MMI Week and Aluminum in 2019
Before we head into the weekend, let’s take a look back at some of the metals storylines here on MetalMiner this week: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sohrab Darabshaw took a look into what analysts are saying about Indian gold demand this year. We wrapped up our […]
India’s Coal Sector is in Need of a Boost
India’s coal sector clearly needs some urgent initiatives from the government in order to give it a boost. Some analysts say it’s time the government opened up commercial coal mining to the private sector. This would have a dual effect — it would attract global coal mining companies and also bring new technology and best […]
Aluminum MMI Falls as LME Prices at Whim of Trade Uncertainty
The January Aluminum Monthly Metals Index (MMI) fell 3.4% this month, coming in at a value of 85. The index fell 3 points from December’s reading and has returned to a low not seen since February 2017 when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook […]
This Morning in Metals: Chinese Steel Prices Continue to Slide
This morning in metals news, prices of Chinese steel and steelmaking ingredients were down Friday, India is in talks with the U.S. over a steel tariff exemption and Japanese crude steel output might be decline in the first quarter of 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese […]
