London Metal Exchange CEO Matthew Chamberlain has expressed doubt over sourcing aluminum from exclusively low-carbon sources in the short term. “There have been calls for us to exclude high-carbon production, but we don’t think that’s the right thing to do because there simply would not be enough aluminum on the market,” Chamberlain said on Oct. […]
Tag: aluminum price
Aluminum MMI: Aluminum remains high but stays below all-time high
The Aluminum Monthly Metals Index (MMI) went up by 3.1% this month, as all forms of aluminum jumped this month. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Primary capacity interest Historically high prices, increasing demand and production cuts in China have opened a window of opportunity […]
Automotive MMI: Semiconductor shortage, low inventory weigh on Q3 auto sales
The Automotive Monthly Metals Index (MMI) held flat for this month’s reading, as U.S. auto sales slumped in Q3. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US auto sales slip in Q3 General Motors reported its third-quarter sales fell from 665,192 […]
Construction MMI: Construction spending flat in August
The Construction Monthly Metals Index (MMI) fell for this month’s value, as U.S. construction spending came in virtually unchanged from the previous month. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US construction spending U.S. construction spending in August reached a […]
Like steel, global aluminum production slides
Just as global steel producers have slowed in the past few months, global aluminum production has also dropped and aluminum prices recently touched a 13-year high. You want more MetalMiner on your terms. Sign up for weekly email updates here. Global aluminum production drops Amid surging aluminum prices, global aluminum production dropped in August, the […]
This Morning in Metals: Intel breaks ground on semiconductor factories in Arizona
This morning in metals news: Intel on Friday broke ground on two new chip factories in Arizona; meanwhile, a spill Sunday at from a U.S. Steel plant in Northwest Indiana led to the closure of beaches in the area; and, lastly, the aluminum price has taken a breather during the second half of the month […]
Aluminum prices are being driven high by constrained supply rather than rampant demand
Consumers have looked aghast at rising aluminum prices this year and wondered how much longer it can continue. The explanation that global economies are bouncing back from pandemic lockdowns has encouraged many to hope that once supply chains are restocked, demand will ease and aluminum prices will fall. But several sources are suggesting the tightness […]
Week in Review: China’s property market and steel prices; Alcoa to restart aluminum smelter; Ford to collaborate on battery supply chain
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Week of Sept. 20-24 (China’s property market and […]
This Morning in Metals: Alcoa announces restart of aluminum smelter idled since 2015
This morning in metals news: Alcoa said it plans to restart its Alumar aluminum smelter in Brazil; meanwhile, the Energy Information Administration forecasts hydropower generation will fall by 14% this year; and, lastly, European automakers are looking to bypass China in their rare earths supply chains. Are you under pressure to generate aluminum cost savings? […]
Evergrande crisis — and China’s property market in general — could have significant impact on metals prices
Anyone following the financial papers cannot have failed to read lurid reports regarding China’s Evergrande construction company, which appears on the brink of collapse. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Chinese markets fall on Evergrande crisis Indeed, stock markets in […]
