What is driving the recent tentative trade agreements — and what does it all mean? Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Trade remains critical to President Donald Trump for two reasons. For one, he loves chasing a deal more than anything […]
Tag: China
This Morning in Metals: Green Deal seeks to make Europe carbon-neutral by 2050
This morning in metals news, the European Steel Association (EUROFER) offered its reaction to the new European Green Deal, China’s steel output could fall next year and China’s imports of iron ore dropped in November. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! EUROFER lauds carbon […]
Stainless MMI: Significant nickel price correction leads to a thirteen-point drop
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by thirteen points to 74, the third and largest consecutive monthly drop, with nickel prices correcting significantly. LME nickel prices finally corrected, now back to levels last seen in late July. While prices held on to higher levels for a few months based on […]
Copper MMI: Uncertain Demand Outlook Holds Back Index Gains
The Copper Monthly Metals Index (MMI) held at last month’s value of 73 based on November price data. LME copper prices took a sideways turn during November as uncertainty over the strength of the global economy continued to constrain copper prices. Source: MetalMiner analysis of London Metal Exchange (LME) and FastMarkets. The price continued to […]
Global aluminum production rises in October; China’s production hits 3M tons
Global aluminum production in October totaled 5.39 million tons, according to a recent report by the International Aluminum Institute. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Global production through the first 10 months of the year reached 53.04 million tons, down 0.9% […]
Global steel production drops 2.8%, China’s falls 0.6%
Global crude steel production took a fall in October, including in No. 1 steel producer China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to statistics compiled by the World Steel Association — using data from 64 data-reporting countries — global steel production fell 2.8% in October on a […]
Don’t look to Beijing to raise global growth via stimulus as it has in the past
In previous downturns, Beijing has taken a range of stimulus measures to keep the economy growing robustly; as a result, it has contributed positively to global GDP and commodity prices. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. But this time around Beijing […]
This Morning in Metals: Supply Dynamics Wins Microelectronics Supply Chain Provenance Challenge
This morning in metals news, Supply Dynamics took home a national award in the Microelectronics Supply Chain Provenance Challenge, China is investigating steel excess capacity and the Indian Supreme Court has given the green light to ArcelorMittal’s acquisition bid of Essar Steel. Keep up to date on everything going on in the world of trade […]
Rare Earths MMI: Lynas Corp. Inks MOU with Malaysia’s MARA Corporation
The Rare Earths Monthly Metals Index (MMI) dropped one point for a November MMI reading of 20. Lynas Signs Deal with Malaysia’s MARA Australia-listed rare earths firm Lynas Corporation, the largest rare earths firm outside of China, announced Nov. 4 it had signed a memorandum of understanding (MOU) with Malaysia’s MARA Corporation through which the parties […]
China’s Steel Capacity Rising Just as Demand is Weakening
A recent Platts report offers a worrying picture of overcapacity in the Chinese steel market, which could have ramifications for steel prices worldwide. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. When Europe or the U.S. has an overcapacity issue, domestic producers suffer […]