A resolution that sought to reverse the Trump administration’s decision to ease sanctions on Russian companies — including aluminum heavyweight United Company Rusal — failed to pass this week, coming in at a 57-42 vote (just short of the 60 votes needed to pass). Need buying strategies for steel? Request your two-month free trial of […]
Tag: aluminum price
Mid-January Review: DBB Struggles to Recover Momentum
Base metals traded higher at the beginning of January. However, momentum appears to be weaker once again. The DBB index has shown weakness since June 2018, when it started this short-term downtrend. MetalMiner has recently revised its market outlook, advising buying organizations to closely follow how the index develops. Need buying strategies for steel? Request […]
The January MMI Report: Metals Slump to Close Action-Packed 2018
With the January 2019 Monthly Metals Index (MMI) report, we can close the book on 2018 and what was a wild year in the world of metals and metals price movements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was a book that closed with a pessimistic chapter for […]
This Morning in Metals: China Looks to Improve Steel Capacity Structure
This morning in metals news, China is eyeing improvements to its steel capacity structure, China’s 2018 aluminum exports surged and Shanghai rebar futures hit a two-month high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Structure According to Reuters, China is looking to shift the focus of its […]
Best of 2018: Top Aluminum Posts of the Year
Steel often gets all the glory, but aluminum also had a big year. From the U.S.’s Section 232 tariff announcement to the April aluminum price spike after the U.S. Treasury initially announced sanctions against Russian firms and their owners (including aluminum giant Rusal), there was plenty going on in the world of aluminum. On the […]
This Morning in Metals: Aluminum Falls to 16-Month Low
This morning in metals news, the aluminum price slides to a 16-month low, Liberty House could be looking to expand its presence in the Middle East and the mid-February deadline for the Section 232 auto investigation draws nearer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Liberty House Continues on […]
Rusal Back in U.S.’s Good Books, But Oligarch Oleg Deripaska Stays Out in the Cold
Well, that was something and nothing, wasn’t it? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The non-event of the month was the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announcement this week of its intention to end sanctions on En+ Group plc, UC Rusal plc, and JSC […]
This Morning in Metals: U.S. to Lift Sanctions on Russian Oligarch Deripaska’s Companies
This morning in metals news, the U.S. Treasury Wednesday announced it will lift its sanctions against companies owned by Russian oligarch Oleg Deripaska (which includes aluminum giant United Company Rusal), Chinese steel prices hit a five-week high and Alcoa cuts aluminum production amid a labor dispute at its Becancour smelter in Quebec. Need buying strategies […]
This Morning in Metals: E.U. Extends Steel Investigation
This morning in metals news, the European Commission has extended its probe of steel imports, steel production in the Great Lakes region of the U.S. ticked up last week and Chinese aluminum companies will reportedly come together to discuss falling aluminum prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Aluminum MMI: November Prices Fall as Sanctions Deadline is Postponed (Again)
The December Aluminum Monthly Metals Index (MMI) held steady this month at 88. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices also fell in November. Aluminum prices appear weaker this month. However, prices have increased so far in December. From last July until November, LME aluminum prices traded in the […]
