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? […]
Tag: Aluminum
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 […]
This Morning in Metals: Ford, Redwood to collaborate on closed-loop battery recycling, supply chain
This morning in metals news: Ford Motor Co. is collaborating with Redwood Materials on a closed-loop battery recycling and building out the domestic electric vehicle battery supply chain; Norway will expand natural gas exports to Europe; and, lastly, aluminum prices have slowed down after peaking Sept. 13. Many may be wondering how to set buying […]
Chinese aluminum could be let off the hook of European anti-dumping measures
It is a curious insight into E.U. thinking when there is a clear case for anti-dumping duties only for them to be rowed back at the 11th hour after complaints from just two aluminum users and one importer. Do you know the five best practices of sourcing metals, including aluminum? Chinese aluminum and European anti-dumping […]
Construction MMI: Construction spending ticks up, ABI shows growth
The Construction Monthly Metals Index (MMI) picked up by 4.9% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. US construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,568.8 billion in July, the Census Bureau reported earlier this month. The July rate marked […]
This Morning in Metals: Steel capacity utilization rises; Hydro inks energy deal; aluminum prices skyrocket
This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises […]
This Morning in Metals: Aluminum prices reach 10-year high following Guinea coup
This morning in metals news: Aluminum prices reach 10-year highs after a coup in Guinea threatens to disrupt global bauxite supply. In other news, steep commodity prices send China’s factory-gate inflation to a 13-year high. Also in the news, Hurricane Ida’s damage leaves more than 75% of U.S. Gulf of Mexico oil production offline. Each […]
Aluminum prices set to power ahead into green future
An aluminum market that has lived with Chinese oversupply for two decades is experiencing a very different year in 2021. According to Reuters, it is starting to price in a very different future. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Aluminum prices of the future […]
Aluminum MMI: Rising aluminum prices concern Beijing
The Aluminum Monthly Metals Index (MMI) increased by 4.1% for this month’s reading. Do you know the five best practices of sourcing metals, including aluminum? LME three-month aluminum prices are only $100/mt away from 2011 prices. Overall, LME aluminum traded up despite some volatility in August. Prices took their largest dip Aug. 16-19 before recovering. […]
This Morning in Metals: Norsk Hydro, Panasonic, Equinor extend battery partnership
This morning in metals news: Norsk Hydro announced it is extending its partnership with Equinor and Panasonic; meanwhile, North American Stainless earlier this month issued a flat product price announcement; and, lastly, aluminum prices remain elevated. More MetalMiner is available on LinkedIn. Norsk Hydro extends battery partnership Oslo-based aluminum maker Norsk Hydro yesterday announced it […]
