This morning in metals news: copper prices have stabilized over the last month; U.S. natural gas prices have surged to their highest level since 2014; and, lastly, Cleveland-Cliffs released its second-quarter results. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop […]
Tag: copper prices
Copper MMI: China’s new exchange signals change
The Copper Monthly Metals Index (MMI) increased 11.0%. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! New copper futures contract On Nov. 19, the Shanghai International Energy Exchange (INE), a subsidiary of the SHFE, started trading new bonded copper futures contracts. This contract […]
This Morning in Metals: BHP says copper output must double in 30 years; Iron ore prices set to rise; Upswing for tin demand?
Demand for copper and the move toward low-carbon economies will require that copper output double in the next 30 years, said BHP’s Tariq Salaria, vice president for sales and marketing. “Decarbonization and electrification are the main drivers for the future of metals commodities, delivering on the commitment of moves toward a low-carbon economy,” Salaria said […]
This Morning in Metals: Copper prices ease after peak; Chile sees mixed copper output; Vale targets more iron ore, safety
After peaking Tuesday, copper prices eased up Wednesday as profit-taking was spurred by a higher dollar, demand in China and upbeat news about COVID-19 vaccines, Reuters said. LME copper fell to $7,623/mt Wednesday after hitting $7,743/mt Tuesday, the highest since March 2013 and a gain of nearly 25% this year, Reuters reports. “Funds are taking […]
This Morning in Metals: Copper prices hit 7-year peak; U.S. factories grow, but slower; U.S. construction spending rises
On Tuesday, copper prices hit their highest point since 2013, driven by fast-expanding manufacturing activity in Europe and China — as well as by news that viable coronavirus vaccines are coming, Reuters reports. Benchmark copper on the London Metal Exchange (LME) peaked today at $7,723/mt before lowering to around $7,715.50/mt., said Reuters, which reported that […]
This Morning in Metals: LME copper up, SHFE copper drops
This morning in metals news: LME copper gained Monday while SHFE copper retraced; the Pilbara Ports Authority recently released September shipping figures; and top copper producer Chile marks the one-year anniversary of widespread protests. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors […]
Global copper mine production rises 0.5% in Q1; Q2 price rally continues
According to the most recent data released by the International Copper Study Group, global copper mine production rose 0.5% in the first quarter of 2020 compared with Q1 2019.
This Morning in Metals: Copper prices slide amid coronavirus fears
This morning in metals news, copper prices have been sliding amid growing fears over the spread of the coronavirus in China, laminated steel manufactured by Tata Steel in the Netherlands has been exempted from U.S. tariffs and China’s Jingye is reportedly considering building a new metals recycling furnace in the U.K. Looking for metal price […]
This Morning in Metals: Turkey’s Cengiz eyes Jingye’s British Steel takeover bid
This morning in metals news, a Turkish conglomerate is reportedly ready to step into the British Steel process if Jingye Group’s takeover effort falls apart, copper prices fell to a two-week low and an Indonesian company aims to augment its aluminum production. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
This Morning in Metals: Tariffs on $370B in Chinese goods to stay
This morning in metals news, the United States Trade Representative released a statement on the U.S.-China partial trade deal, copper prices fell back from a seven-month high Thursday, and Norsk Hydro signed a $1,600 million credit facility linked to its emissions targets. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]