This morning in metals news, our own Lisa Reisman appeared on NPR’s “Marketplace” yesterday, President Trump said Wednesday that terminating the North American Free Trade Agreement (NAFTA) would lead to the best renegotiated deal and Alcoa reported its 2017 4Q and full-year earnings. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Aluminum and China on […]
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Zinc Has Been the Best-Performing LME Metal of Late — Can it Go Up Further?
Three-month zinc on the London Metal Exchange was up 1.3% at $3,426 a metric ton in official midday trading on Monday, having earlier touched a peak of $3,440 a ton — its highest since August 2007, Reuters reports. Lower your zinc spend – Take a free trial of MetalMiner’s Monthly Outlook! Like all base metals, […]
This Morning in Metals: Metals Supplies, NLMK and Copper Tracks Back
This morning in metals news, the metals supply situation is complicated, Russian steel producer NLMK‘s output rose 3% last year and copper dropped the most it had in almost six weeks. MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel What is the Supply Situation? According to Reuters, stocks of metals in LME industrial […]
Fitch Offers Warning of Faster than Expected Rate Rises
Some would argue the credit rating agencies do not have the best record in making predictions on the future direction of financial markets. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need However, they do have considerable resources at their disposal, so when they issue particularly dire warnings, common sense […]
America is Picking the Right Fight with the Wrong Enemy
The above headline is true, assuming the U.S.’s avowed aim is the health and future of the American steel industry and its workers. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need No one would dispute the idea that the world has too much steelmaking capacity. Many emerging markets and […]
The January MMI Report: Prices Rise as Industry Awaits Trump’s 232 Decision
It’s that time — our latest Monthly Metals Index (MMI) report is in, covering the final month of 2017. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook So, before we move onto 2018 for good, let’s take one last look at our newest MMI report and recap some of the highlights: […]
India’s NALCO Looks to New Projects After Rising Revenues
It’s been great going for India’s state-owned National Aluminium Company (NALCO). Its revenues in sale of alumina are up by 30% year-over-year and it has reported a 94% jump in net profit. Lower your aluminum spend – Take a free trial of MetalMiner’s Monthly Outlook! The company has now lined up some new projects. According […]
This Morning in Metals: Steel Wins Big with New Ram, Chevy Models
This morning in metals news, two new vehicles made mostly with steel represent a victory for the steel industry, iron ore prices are down and the U.S. International Trade Commission (ITC) voted to continue its investigation into common alloy aluminum sheet from China. Wondering how your stainless steel prices compare to the market? Benchmark with […]
Tight Nickel Market Sees London Prices Hit $13,200 Per Metric Ton
LME nickel prices hit $13,200 per ton last Wednesday, the highest level since June 2015 before investors took profits and the price fell back a touch to $12,870 per metric ton. Prices were led higher by the ShFE, where stock have fallen to 48,920 tons from over 90,000 tons just a year ago — and […]
Rio’s Massive Dunkerque Aluminum Smelter to Change Hands
Sanjeev Gupta, the industrial buyer of distressed steel, aluminum and coal assets (to name just a few of the areas he has expanded into in recent years), has so far managed an uncanny knack of good timing. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need Buying steel assets just […]
