Search Results for: tin

Platinum’s Dramatic Reversal: Are Precious Metals Prices Poised for a Resurgence?

Platinum’s Dramatic Reversal: Are Precious Metals Prices Poised for a Resurgence? dsfdfs

Since late spring, platinum prices have seen significant downward movements. Crushed by bearish price action, prices have since declined by as much as 14%. At $950 / oz, platinum breached prior lows that had previously acted as support zones. However, precious metals prices for platinum recently bounced by 10% from the most recent low, shooting […]

U.S. Slaps 122.5% Tariff on Chinese Tin Plate Steel, Sparks Accusations of Unfair Play

U.S. Slaps 122.5% Tariff on Chinese Tin Plate Steel, Sparks Accusations of Unfair Play Screenshot-2023-08-22-at-5.14.24-PM

The U.S. Department of Commerce recently decided to enforce preliminary anti-dumping duties on imports of tin mill and tin plate steel from China at a duty rate of 122.5%. As this is the highest preliminary rate, the move provoked severe criticism from trade analysts and experts across China.  This tariff also applies to China’s leading […]

Construction MMI: Chinese Manufacturing Still Slumping, Impacting U.S. Construction

Construction MMI: Chinese Manufacturing Still Slumping, Impacting U.S. Construction excavator in construction site on sunset sky background

The Construction MMI (Monthly Metals Index) continues to experience pressure from both sides amid conflicting global construction news. For instance, U.S. scrap steel prices recently dropped due to more vehicles being manufactured (car manufacturing always produces ample scrap). However, Chinese steel product prices went up at the same time. Ultimately, metal markets witnessed more movement […]

Ukraine’s Ferrexpo Sees Production Boost, Potentially Impacting Iron Ore Prices

Ukraine’s Ferrexpo Sees Production Boost, Potentially Impacting Iron Ore Prices defdew

Ukrainian iron ore producer Ferrexpo recently reported a 59% increase in its commercial production for H1. This figure, derived by comparing current numbers to the previous six months, has the potential to significantly impact global iron ore prices. Indeed, the total production of pellets and commercial concentrate for the first six months of 2023 came […]

Ukraine’s Metinvest to Build Steel Plant in Italy

Ukraine’s Metinvest to Build Steel Plant in Italy xvsdbf

Ukraine’s Metinvest plans to build a new steel manufacturing facility in Italy. Indeed, an official for the group recently confirmed reports of plans to build a plant in either that country or Bulgaria. “Many people talked about the fact that we are considering the possibility of building a new plant in Italy. Indeed, this is the […]

Boliden’s Tara Zinc Mine on Hold Due to Dwindling Profits, Escalating Expenses

Boliden’s Tara Zinc Mine on Hold Due to Dwindling Profits, Escalating Expenses close-up-of-a-pile-of-zinc-ingots-raw-materials-for-the-smeltin

Plummeting zinc metal prices and rising energy costs recently prompted Boliden to place its Tara zinc mine on care and maintenance until further notice. “The business is currently cash flow negative due to a combination of factors,” the Swedish metals producer said. Officials went on to specify that these operational challenges included “a decline in […]

Rare Earths MMI: Rare Earth Race Continues Between U.S. and China

Rare Earths MMI: Rare Earth Race Continues Between U.S. and China rare earth magnets remain a vital resource

The Rare Earths MMI (Monthly Metals Index) saw little change month-on-month. Overall, the index continued its sideways trend, dropping a slight 2.5%. Rare earth carbonate saw the largest price shift between June 1 and July 1, dipping  10.59%. Still, as a whole, the index continues to trend in stark difference to the sharp price drops […]

Precious Metals MMI: Precious Metal Prices Continue to Move Up

Precious Metals MMI: Precious Metal Prices Continue to Move Up kjlkl

The Global Precious Metals MMI (Monthly Metals Index) moved up again month-over-month after a bounce between March and April. The index moved up a modest 3.63%. Every part of the index either trended upward or moved sideways with a slight upward slant. Meanwhile, there are still many factors affecting precious metal prices. Many investors see […]

Renewables/GOES MMI: Summer to Test Power Grid, Global Hunt for Transformers Continues

Renewables/GOES MMI: Summer to Test Power Grid, Global Hunt for Transformers Continues asddas

The Renewables MMI (Monthly Metals Index) dropped again this month, this time by 6.01%. Month-over-month, every part of the index fell except for U.S. plate steel. Somewhat weaker steel demand impacted Korean and Chinese steel plate prices, causing them to drop. Meanwhile, cobalt and silicon continued to fall due to oversupply. That said, the long-term […]

Tata Steel Trials Injecting Hydrogen Gas into Blast Furnace to Cut Carbon Emissions

Tata Steel Trials Injecting Hydrogen Gas into Blast Furnace to Cut Carbon Emissions hjfhgjkdhg

India’s steel giant, Tata Steel, recently announced it had successful injected hydrogen into one of its blast furnaces. Many tout it as the world’s first such experiment by a steelmaker on so vast a scale. The goal of such a process is to potentially reduce carbon dioxide emissions by replacing up to 20% of the […]

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