It may be winter, but it feels like springtime for many in the metal industry and on metal prices in general. After years, China plans to ease up just a wee bit on its COVID-19 restrictions. This includes a reduction in the mandatory quarantine period, which has caused myriad problems for the country’s economy. As […]
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China’s Steel Supply Encounters Significant Hurdles.
Everyone thought a COVID-19 ravaged steel supply market in China took a turn towards recovery. However, many other hurdles now stand in the way, both long & short term. Power cuts and muted demand driven by the construction crisis in China stand in the path of growth. Even worse, the cascading effect has affected the […]
Construction MMI: China Property Crisis Dominos into Industrial Metal
This month, the Construction MMI (Monthly MetalMiner Index) dropped yet again. However, it declined slightly less than those seen in previous months. Altogether, the index is down 4.60%. Industrial metal, in general, continues to struggle due to China’s COVID lockdowns and supply chain issues. The best way to track industrial metal prices is to sign […]
China Creates New Centralized Company to Tackle Global Iron Ore Market
It’s no secret that China believes in the concentration of power. However, that philosophy extends far beyond governance. It also dramatically affects the way the country does business. For instance, earlier this week, we saw the inauguration of the state-owned and centrally administered China Mineral Resources Group. Many mining companies perceive the move as China […]
Aluminum Prices: Is China Turning on the Stimulus Taps?
It is not an idle question. For the last two decades, China’s infrastructure spending has been the engine of demand growth for steel, copper, and aluminum prices. So when the South China Morning Post reported that local governments sold 1.94 trillion yuan (US$289 billion) worth of bonds in June to fund infrastructure spending and boost […]
China Steel Mills Hurting, Iron Ore Prices Reeling
2022 has been a roller coaster ride for iron ore prices, which dipped yet again on Monday. Of course, demand from Chinese steel remains the top reason for either a rise or downturn in prices. This week, as it turns out, was no different. In fact, prices tumbled immediately after analysts explained their “bleak outlook” […]
Rare Earths MMI: US and China Feud Over Rare Earth Prices
Over the past month in, the Rare Earths MMI (Metal Miner Index) slightly dropped by 0.64%.Over the past few decades, the US-China relationship has evolved into more of a rivalry than anything else. This has left the United States eager to decouple from China on several critical issues. One such issue is the supply of […]
Solar Panel Tariffs on China Halted, Causing Astonishment
For US President Joe Biden, it’s a Hobson’s choice on Chinese solar panel imports. His new move to pause tariffs on imported Chinese-made silicone solar panels for two years has been either hailed or criticized. The announcement came in the middle of an on-going investigation by the US Commerce Department. Possible trade agreement violations are […]
Big Trouble in Big China: Lack of Metals Demand
Metal processors and traders throughout China are facing a grim reality today. Thanks to major economic shifts both within the country and without, metals demand has plummeted. Of course, it’s not great news for the world’s biggest metals manufacturer. But what does it mean for the rest of the world? A Hard Few Years with […]
Rolled Aluminum Anti Dumping Suspension on China by European Commission Ends
The EU has announced an end to the temporary suspension of anti-dumping duties on rolled aluminum products into the block. The suspension was set to expire in July. The news comes hot on the heels of last week’s announcement that the UK would establish provisional duties for six months while it carries out an anti-dumping […]
