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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 […]

Is India the U.S.’s New China?

Is India the U.S.’s New China? dasfsaf

In a recent interview, Gideon Rachman, Chief Foreign Affairs Commentator at the Financial Times, explored the growing relationship between the U.S. and India. The article primarily targets a British audience, but still playfully mock the Brits’ obsession with the “special relationship” between the UK and US. Most people acknowledge that this relationship originated during the […]

Amid Declines, China Tops Global Steel Production Charts Again

Amid Declines, China Tops Global Steel Production Charts Again screenshot-2023-06-21-at-9-33-57-am

China was the largest end-user of steel in 2022. According to the World Steel Association’s (Worldsteel) “2023 World Steel Report,” the country consumed 51.7% of the 1.78 million metric tons of finished products rolled last year. That percentage was unchanged from the previous year. At that time, China’s apparent steel consumption was 954 million metric […]

Is India the New China for Global Steel Production?

Is India the New China for Global Steel Production? xasxsd

COVID-19, poor demand, and several other factors caused a drop in steel production worldwide the past few years. This included China, which is not only the biggest steel producer, but one with a massive impact on steel prices. Indeed, according to a report by the World Steel Association, global crude steel production, including semi-finished products, […]

Is China’s Recovery Key to an Industrial Metal Rebound?

Is China’s Recovery Key to an Industrial Metal Rebound? chinese-financial-crisis

Some argue yes, and others argue no. Still, one fact remains certain: the West relies heavily on China when sourcing multiple metals. This includes everything from steel and copper to rare earths and lithium. Therefore, China’s slow recovery from its zero-COVID policies continues to take a massive toll on the global industrial metal trade, circulation, […]

Sliding Iron Ore Prices Show China’s Recovery is Still Dragging

Sliding Iron Ore Prices Show China’s Recovery is Still Dragging man-looking-at-a-declining-graph-with-chinese-flag

The iron ore slump shows that the Chinese economy continues to struggle. Moreover, if things on the steel front do not improve quickly, demand will be low for the rest of the year. Indeed, the decline in iron ore prices, which recently hit a five-month low, has many analysts worried about the robustness of China’s […]

China’s Yunnan Province Cuts Aluminum Production

China’s Yunnan Province Cuts Aluminum Production ff

A new question mark hangs over the fate of Chinese aluminum production for the rest of 2023. In March, China’s primary aluminum output increased by 3% compared to the same period in the previous year. However, the increase occurred at a slower pace than in previous months. While this did bring some cheer, the future […]

Renewed Steel Demand in China Causing Iron Ore Production to Rise

Renewed Steel Demand in China Causing Iron Ore Production to Rise dsfff

For the 1st quarter of this year, China’s iron ore imports hit a Q1 record. Altogether, prices climbed nearly 10% from January to March, reaching 29.3 million tons (MT). Indeed, March alone saw imports grow 1.8% to 100.23 MT. Helping these numbers were expectations of stronger steel demand as the Chinese economy continues to emerge […]

Southern China’s Power Crisis Impacting Aluminum Production

Southern China’s Power Crisis Impacting Aluminum Production aluminum-and-the-chinese-flag-aluminum-supplies-to-china-expor

China’s aluminum production faces a “touch and go” situation once again. In this case, the problem is mainly due to a power supply crisis in the southwest area of the country. The Yunnan province, the aluminum manufacturing hub of southern China, is reducing production of the metal due to a severe water shortage. This shortage has, […]

Rare Earths MMI: China Losing Grip on Rare Earths Control

Rare Earths MMI: China Losing Grip on Rare Earths Control big-yellow-mining-truck-hauling-rock-in-dusty-coal-mine

The Rare Earths MMI (Monthly MetalMiner Index) dropped a staggering 11.22% this past month. Industrial production within China proved slow in January. This significantly affected the index, as China remains the source of many rare earth oxides. And with numerous countries searching for non-Chinese rare earth supplies, the Chinese-sourced parts of the index fell greatly. […]

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