The Copper Monthly Metals Index (MMI) increased 3.3% this month, as copper producers have faced challenges that are impacting supply. After a slow December, copper prices continued to increase the first week of January. Prices surpassed the $8,000/mt mark. However, copper prices remain volatile. As the pandemic continues to develop, the U.S. dollar remains around […]
Tag: copper price
Best of 2020: top copper posts of the year
Continuing our rundown of the best of 2020, let’s take a look back at the year that was for copper. Like other metals, copper suffered an early-year swoon. The LME three-month copper price fell to just over $4,600 per metric ton in late March, as nations around the world began to battle the early stages […]
Global copper mine production drops 1% as prices continue to soar
Global copper mine production during the first nine months of the year fell 1%, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit of 387,000 metric tons during the period. DO NOT miss out…join the MetalMiner LinkedIn group today for news on aluminum, steel and copper (oh my!). […]
This Morning in Metals: Rio Tinto commits $10M toward low-carbon steelmaking research partnership with Baowu
This morning in metals news: Rio Tinto has committed $10 million toward its research partnership with China’s Baowu Steel Group; meanwhile, Freeport McMoRan completed the sale of an undeveloped project in the Democratic Republic of the Congo; and, lastly, copper remains at an over seven-year high. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident […]
This Morning in Metals: ArcelorMittal completes sale of ArcelorMittal USA to Cleveland-Cliffs
This morning in metals news: ArcelorMittal officially completed the sale of ArcelorMittal USA to Cleveland-Cliffs; the Energy Information Administration (EIA) projects energy-related carbon dioxide emissions to fall this year; and the copper price continues its long-term rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. […]
Copper bull run continues
I am sure China didn’t intend to launch its new copper contract in the midst of so much speculative activity, but the maelstrom of investor interest in the copper market and the copper bull run at present certainly won’t harm volumes following the contract launch last week. You want more MetalMiner on your terms. Sign […]
This Morning in Metals: Norsk Hydro begins production restarts at Husnes B-line
This morning in metals news: Norsk Hydro recently resumed production at its Husnes aluminum plant; the Census Bureau recently released the latest data on new housing starts; and copper prices continue to rise. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Norsk Hydro resumes production at Husnes B-line Oslo-based […]
Copper in deficit as prices continue long-term surge
Earlier today we touched on aluminum prices — well, the copper price is similarly ascendant. The copper price has, as we’ve mentioned on multiple occasions, been supported by a recovering Chinese economy. Furthermore, according to data released Monday by the International Copper Study Group (ICSG), global copper production declined over the first eight months of […]
This Morning in Metals: Anglo American signs 10-year deal for LNG-fueled vessels
This morning in metals news: miner Anglo American has signed a 10-year contract to add vessels fueled by liquefied natural gas, or LNG, to its fleet; jobless rates fell in 37 states in October; and copper prices retraced slightly. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete […]
Copper MMI: Copper price reaches 28-month high
The Copper Monthly Metals Index (MMI) increased 1.2% this month, as copper prices surged to a 28-month high in October. Copper price gains Copper prices reached a 28-month high at $6,901.50/mt on Oct. 22. The price has lost support since, potentially due to surging global coronavirus infections and stalled U.S. stimulus negotiations. Copper is a […]
