This edition of week in review will also include a preview. MetalMiner’s Monthly Metals Index kicked off Thursday with a look at aluminum, and the MMI series will continue with an examination of developments in the copper market on Monday, with posts about steel, construction, automobiles and other MMI topics to follow. Check if your […]
Tag: Aluminum
Aluminum MMI: Prices breach the $2,000/mt mark
This month the Aluminum Monthly Metals Index (MMI) rose by 7.9%. Check if your service center is providing you with price transparency for your aluminum spend. Aluminum prices continue uptrend During November, LME aluminum prices increased by 10.9%, closing at $2,023/mt. This means that since its April low, the price recovered 38.5% and even reached […]
Global aluminum market in surplus, paced by rising Chinese production
As the World Bureau of Metal Statistics (WBMS) will tell you, the global aluminum market reached a surplus of 1,603 kt in the January to September 2020 period. That tripled the surplus of 480 kt recorded for the whole of 2019. Do you know the five best practices of sourcing metals, including aluminum? Global aluminum […]
Aluminum prices rise despite increasing global primary aluminum output
As we noted yesterday, aluminum prices have continued to rise — this in spite of increasing global aluminum production. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Global aluminum production rises 3.5% According to the latest data from the International Aluminum Institute, global aluminum production rose 3.5% in October […]
This Morning in Metals: Aluminum price continues to surge
This morning in metals news: the LME three-month aluminum price has continued to rise in the leadup to the Thanksgiving holiday; Rio Tinto signed a new agreement to strengthen its partnership with China’s Tsinghua University; and, lastly, New York state is one of the U.S. leaders in renewable energy generation. Sign up today for Gunpowder, […]
Aluminum MMI: Aluminum prices continue to receive support
This month the Aluminum Monthly Metals Index (MMI) rose by 3.5%, as the aluminum price made gains in October. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five best practices. Aluminum prices and demand increase The LME aluminum price reached a 17-month high on Oct. 16 at $1,863.50/mt. […]
This Morning in Metals: Steel capacity utilization rate reaches 70.4%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ended Oct. 31 jumped to 70.4%; Cleveland-Cliffs said the Trump administration will take action under Section 232 vis-a-vis imports of laminations and imported grain-oriented electrical steel (GOES); and, finally, the LME three-month primary aluminum price picked up to start the […]
This Morning in Metals: Aluminum price retraces below $1,800/mt
This morning in metals news: The aluminum price retraced this week General Iron is building a new metal shredding home in Chicago Finally, the United States Geological Survey (USGS) reported estimates on undiscovered Gulf Coast Basin oil reserves The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Aluminum can market fizzes amid struggle to meet surging demand
Aerospace may be down, automotive is coming back, albeit going through immense change from internal combustion engine (ICE) to electric vehicles (EVs), but one sector of the aluminum market that is brewing up a storm is the aluminum can market. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our […]
China is leading the metals rebound
A relatively swift exit from pandemic lockdowns and the impact of stimulus-led infrastructure investment have powered China’s metals rebound. Furthermore, the Shanghai Futures Exchange has continued its summer disconnect from the London Metal Exchange aluminum price, which started in April of this year. The resulting arbitrage window has sucked in imports of aluminum primary and […]
