This morning in metals news, the parent company of Japan’s second-largest steelmaker said the U.S. steel tariff on steel had yet to impact its exports, Novelis breaks ground on a new automotive aluminum facility in Kentucky and a NAFTA deal is unlikely to happen by the May 17 deadline put forth by U.S. House Speaker […]
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Rare Earths MMI: Researchers Discover Rare Earths Deposit Under Japanese Waters
The Rare Earths Monthly Metals Index (MMI) lost one point this month, dropping to 20 for our May reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Within this basket of metals, yttrium dropped slightly, while terbium oxide fell 7.8%. Neodymium oxide dropped 7.9%. Europium oxide fell 0.9%. Dysprosium oxide fell […]
This Morning in Metals: Japan Continues Efforts to Win Tariffs Exemptions
This morning in metals news, Japan is opting for a “low-key” approach in its efforts to win Section 232 tariff exemptions, Ukraine’s steel production dropped 3% in the first quarter and Turkey sent a letter to the U.S. lobbying for tariff exemptions of its own. Need buying strategies for steel? Try two free months of […]
This Morning in Metals: Japan’s Aluminum Industry Calls for End to U.S. Aluminum Tariff
This morning in metals news, Japan is calling for the U.S. to ditch its recently imposed Section 232 aluminum tariff, U.S. steel exports were up 13% last year and Texas Gov. Greg Abbott announced a $500 million investment from JSW Steel for its facility in Baytown, Texas. Need buying strategies for steel? Try two free […]
This Morning in Metals: Japanese Steel Industry Appeals to Free Trade Principles
This morning in metals news, Japan urges caution in steel Section 232, Kazakhstan’s output of a number of metals jumped month over month in January and Russian billionaire Oleg Deripaska will step down as president of Rusal and En+ Group. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Japanese Steel Industry […]
This Morning in Metals: Japan’s JFE Holdings Plans to Spend $6B on Upgrades
This morning in metals news, JFE Holdings Inc. in Japan plans to spend $6 billion on upgrades in the coming years, the Congressional Steel Caucus asked the administration for guidance on the Section 232 action timeline and Shanghai copper posted its biggest price jump since October. Need buying strategies for steel? Try two free months […]
This Morning in Metals: Japan’s Steelmakers Enjoy Jump in Profits
This morning in metals news, Japan’s steelmakers are on a hot run (despite the bad press of the Kobe Steel quality data falsification scandal), U.S. Steel reported fourth-quarter 2017 net earnings of $159 million and Glencore said production in 2017 was down for most commodities. Need buying strategies for steel? Try two free months of MetalMiner’s […]
LME and CME Russian Metal Ban Prompting Speculation About Market Fragmentation
By now, anyone in the metals market will know that the U.S. and UK recently banned the consumption of Russian aluminum, copper, and nickel produced from April 13 onward. While metal already on the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) are still available for consumption, no metal delivered after this date […]
A Blow to China’s Steel Dumping Tactics: Triple Tariffs
New China tariffs may soon change the country’s steel market tactics. China continues to sit on a stockpile of steel, and it has no idea what to do with most of it. The exception, however, seems to be dumping it into foreign markets for cheap under the guise of “exportation.” China remains unable to use […]
Copper MMI: Sanctions Hit Copper Market, Volatility Ahead
Copper prices continued their breakout during March, rising 4.25%. Prices then formed a second higher high on March 15, followed by a new higher low on March 27. The rally continued throughout April as prices climbed an additional 7.59%. As of April 15, they stand at their highest level since June 2022. Subscribe to MetalMiner’s […]
