Tag: aluminum price

This Morning in Metals: US steel capacity utilization falls to 83.4%

This morning in metals news: U.S. steel capacity utilization dropped to 83.4% last week; the Associated General Contractors of America weighed in on the passage of the infrastructure bill in the House of Representatives; and, lastly, the aluminum price has continued to slump. MetalMiner has launched a full suite of precious metals as part of […]

Could Russia’s aluminum export tax be coming to an end next month?

When news of Russia’s export tax on primary aluminum came out in the summer, it caused an increase in LME prices. More significantly, however, physical delivery premiums — such as the Midwest premium, the Rotterdam premium and the Main Japanese Port (MJP) premium — also increased. See why technical analysis is a superior forecasting methodology […]

Aluminum MMI: Following all-time high, aluminum prices plummet

The Aluminum Monthly Metals Index (MMI) fell for the first time in nine months, dropping by 1.5%. After prices hit the record peak in late October, aluminum started to face some speed bumps when the price attempted to continue to trade upward. Since Beijing’s intervention into the coal market, LME aluminum prices began to retrace […]

This Morning in Metals: ELYSIS hails progress toward carbon-free aluminum produced at Canadian plant

This morning in metals news: ELYSIS, a joint venture of Alcoa and Rio Tinto, said it is one step closer to the production of carbon-free aluminum; the U.S. trade deficit in September reached $82.9 billion; and, lastly, aluminum and copper prices have leveled off after plunging to close October. MetalMiner has launched a full suite […]

Aluminum prices collapse 20% in just two weeks — so what’s next?

While not alone in seeing ongoing price falls, across the metals sector prices have been in decline for two weeks now. The higher power content of primary aluminum has driven a plunge in prices that have caught many by surprise and still has the potential to go further. We’re offering timely emails with exclusive analyst […]

This Morning in Metals: Real GDP gains 2.0% in Q3, per BEA estimate

This morning in metals news: real GDP increased by 2.0% in Q3 2021, according to an estimate from the Bureau of Economic Analysis; Ford Motor Co. released its Q3 results; and, lastly, several base metals prices have continued to retrace after surging earlier this month. Want MetalMiner directly in your inbox? Sign up for weekly […]

This Morning in Metals: BMW to source steel from Sweden’s H2 Green Steel

This morning in metals news: BMW announced Wednesday it will source steel from Swedish firm H2 Green Steel; meanwhile, miner Freeport-McMoRan today reported its third-quarter and nine-month 2021 results; and, finally, metal prices remain elevated but have taken a step back this week. Stay up to date on MetalMiner with weekly updates – without the […]

Power crisis in China drives aluminum alloy prices higher, threatening supplies

A timely post by the Financial Times covers the threat to the global auto industry as a result of the power crisis in China limiting supplies of key components used across a range of industries. But specific to the post is the making of aluminum alloys. Almost 90% of the world’s magnesium production comes from […]

Further bad news for metals consumers: alloying element shortages

We wrote recently about the impact power rationing and rising coal costs were having on metals producers in Europe. Well, it would seem that is not the only driver pushing semi-finished product prices higher this month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for […]

Week in Review: Aluminum prices remain elevated; power costs weigh on metals producers; IEA releases World Energy Outlook

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including aluminum prices, rising power costs and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner […]

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