This morning in metals news: General Motors reported strong Q2 sales in China; miner Anglo American said it had completed its first maritime biofuel trial; and, lastly, the copper price has trended sideways so far in July. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at […]
Tag: copper price
Copper MMI: Copper prices consolidate
The Copper Monthly Metals Index (MMI) decreased by 7.3% for this month’s reading, as copper prices declined. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper stock Since the beginning of the year, there have been concerns over copper […]
During Q1, global copper mine production increased by 3.7%.
Global copper mine production rose by 3.7% in the first quarter of 2021, the International Copper Study Group (ICSG) reported this week. The group estimated an apparent global copper surplus of 130,000 metric tons. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Copper mine production gains […]
China suggests it could release state reserves of base metals
It would seem Beijing only has to speak and the market reacts — this time, it’s about base metals. Worried by what it sees as excessive inflation in commodity prices, which it fears will lead through into factory gate increases, China warned speculators last month over “excessive speculation.” The warning from China’s National Food and […]
This Morning in Metals: US consumed record amount of renewable energy in 2020
This morning in metals news: the U.S. consumed a record amount of renewable energy in 2020; U.S. housing starts jumped in May; and the copper price has been on the decline since peaking last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each […]
Copper MMI: Copper price cools in second half of May after reaching all-time high
The Copper Monthly Metals Index (MMI) increased by 7.8% for this month’s reading, as the copper price remains high but dipped below the $10,000/mt level. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Copper prices retrace On May […]
This Morning in Metals: Nonfarm payroll employment rises by 559,000
This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric ton. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the […]
Global copper mine production up 3.5% through first two months of 2021
Global copper mine production rose by 3.5% through the first two months of the year, the International Copper Study Group reported. Furthermore, copper concentrate production rose by 5% during the period, while solvent extraction-electrowinning fell by about 3%. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
Copper prices to see out 2021 at lower levels — but higher prices coming in meantime
The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner. “It’s sentiment-driven,” one analyst said about current prices for the base metal and the prospect for increases in them over the year. Each month, MetalMiner hosts a […]
This Morning in Metals: US steel capacity utilization dips slightly to 79.0%
This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a […]
