The Construction Monthly Metals Index (MMI) held flat for this month’s reading. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. US construction spending ticks up in April U.S. construction spending reached a seasonally adjusted […]
Tag: Aluminum
Novelis collaborates with a Chinese university to pioneer advancements in aluminum technology
The Atlanta-based aluminum firm Novelis announced it is partnering with China’s leading universities to conduct research into the innovative use of aluminum. The partnership between Novelis’ Shanghai Customer Solution Center (CSC) and the Tsinghua University Suzhou Automotive Research Institute (TSARI), confirmed by way of a memorandum of understanding (MoU) will drive research and development of […]
Aluminum MMI: Is a consolidation period ahead for aluminum prices?
The Aluminum Monthly Metals Index (MMI) increased by 0.9% this month, as aluminum prices reached a nine-year high during the first half of the month but later declined. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Aluminum prices The LME aluminum price reached a nine-year high […]
This Morning in Metals: Nucor to acquire insulated metal panels business
This morning in metals news: Nucor Corporation today announced it will acquire Cornerstone Building Brands‘ insulated metal panels business; the oil price approached $70 per barrel to close last week; and the aluminum price has retraced over the last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
This Morning in Metals: MetalMiner team walks through signs to watch for potential end to supply shortages
This morning in metals news: during MetalMiner’s latest webinar Thursday, the team walked through the signs buyers should pay attention to that might indicate an end to the current state of allocation markets and metals shortages; the carbon footprint of aluminum can production in North America has plunged over the past three decades, according to […]
EPI white paper: Section 232 boosted aluminum industry investment, jobs
Over three years later, analysis, assessments and calls for removal or maintenance continue to pour in with respect to the former Trump administration’s Section 232 tariffs on steel and aluminum. In 2018, former President Donald Trump used Section 232 of the Trade Expansion Act of 1962 to impose tariffs on steel and aluminum of 25% […]
This Morning in Metals: May new-vehicle retail sales on pace for record
This morning in metals news: new-vehicle retail sales are on pace to hit their highest total ever for the month of May, according to J.D. Power and LMC Automotive; meanwhile, new orders for manufactured durable goods declined in April after 11 straight months of gains; and, lastly, LME aluminum has backtracked over the last two-plus […]
Metals prices pull back from recent highs
A bullish report in Reuters last week advising metal output in China was breaking records, again, looks at odds with developments this week. Relentlessly rising prices have taken a sharp about-turn, the BBC reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your aluminum buy. Rising […]
This Morning in Metals: Aluminum producer Novelis touts ‘outstanding’ quarter
This morning in metals news: aluminum roller and recycler Novelis announced its quarterly financial results; meanwhile, the United States International Trade Commission voted Tuesday on anti-dumping duties for prestressed concrete steel wire strand; and, lastly, the Consumer Price Index rose by 0.8% in April. The MetalMiner Best Practice Library offers a wealth of knowledge and […]
Aluminum MMI: Physical delivery premium continues to rise
The Aluminum Monthly Metals Index (MMI) jumped 7.7% for this month’s reading, as the aluminum physical delivery premium continues to rise. Do you know the five best practices of sourcing metals including aluminum? Delivery premium continues to rise The US Midwest Premium, like just about everything else these days, continued to inch upward in recent weeks. […]
