This morning in metals news, the Canadian government announced it is rolling out $100 million in funding for its domestic steel and aluminum industries, copper moves toward a seven-month high, and Vietnam’s steel exports to the U.S. increased in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Canadian Steel, […]
Tag: aluminum price
Aluminum MMI: Aluminum Prices Decline While Monthly Index Gains 2.3%
The March Aluminum Monthly Metals Index (MMI) increased again this month, rising 2.3% for an index value of 88, up from February’s value of 86. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices ended February near the price at the month’s outset, thus ending only slightly higher month on month […]
Metal Prices Gain Momentum in February
On the heels of the doldrums of December, metals prices have made gains through the first two months in 2019. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook February was an especially strong month for a number of metals. However, markets are especially sensitive to any snippets of news coming out of the […]
India’s Aluminum Producers, Like Steel Counterparts, Battle Rising Imports
Last week, MetalMiner reported on the challenges India’s steel companies face in the form of cheaper imports, and their desire for the Indian government to impose an import tax. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The woes of India’s aluminum producers, too, are similar. Primary and secondary producers have […]
The February MMI Report: MMIs Bounce Back After Down December
With the February 2019 Monthly Metals Index (MMI) report, we can officially move past 2018 and begin to take a look at the world of metals thus far in the new year. On the trade front, trade officials from the U.S. and China met in January for renewed talks on the ongoing trade standoff between the economic […]
Aluminum is in Deficit, but Prices Don’t Reflect Any Shortage
The aluminum price has been fluctuating between around $50/ton above and below a median of $1,900 for several months now. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook There is considerable uncertainty as to where it is going to go in 2019, yet some commentators, such as ING Bank, are […]
Aluminum MMI: MMI Flat Despite Semi-Finished Price Increases
The February Aluminum Monthly Metals Index (MMI) edged up this month by 1.2% for an index value of 86. The index increased one point from January’s reading and has remained near the low last seen in February 2017, when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual […]
Construction MMI: November Construction Spending Up 3.4% Year Over Year
The Construction Monthly Metals Index (MMI) held flat, sticking at 82 for the third straight month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in November (the most recently available data) hit an estimated $1,299.9 billion, up 0.8% from the October total $1,289.7 […]
Winners and Losers in the Wake of the U.S., Canada’s Dueling Metals Tariffs
A recent article by CBC in Canada highlights the mess that has resulted from the imposition of steel and aluminum tariffs between the U.S. and Canada. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It is fair to say the same mess is almost certainly prevailing on the U.S. side […]
This Morning in Metals: Alcoa Reports 4Q, Full-Year 2018 Results
This morning in metals news, aluminum producer Alcoa Corporation reported its fourth-quarter and full-year 2018 results, India is considering a higher iron ore import duty and Shanghai steel futures moved up. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Alcoa Reports 4Q Earnings Pittsburgh-based aluminum producer Alcoa Corporation reported its […]
