This morning in metals news: U.S. Steel sold the Keystone Industrial Port Complex for $160 million; ArcelorMittal and Nippon Steel will build a new electric arc furnace at their joint venture in Alabama; and, finally, the aluminum price has retraced slightly in December. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what […]
Tag: Aluminum
This Morning in Metals: Import prices tick up slightly in November
This morning in metals news: U.S. import prices rose slightly in November, according to the Bureau of Labor Statistics; the Pilbara Ports Authority reported November shipping data; and, finally, there is speculation the U.S. could reimpose sanctions on Russian aluminum giant Rusal, Bloomberg reported. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing […]
Aluminum performing strongly on China data
China is going through a purple patch at the moment, particularly the Chinese aluminum sector. An early and strong rebound from Q1 lockdowns and significant stimulus investment that has made its way into property and infrastructure activity have boosted demand for all the base metals. However, aluminum has arguably seen the biggest benefit. Sign up […]
This Morning in Metals: U.S. Steel to acquire remaining equity of Big River Steel for $774 million
This morning in metals news: U.S. Steel today announced it will acquire the remaining equity of Big River Steel for $774 million; meanwhile, the U.S. steel sector’s capacity utilization rate for the week ended Dec. 5 reached 71.4%; and, finally, the Aluminum Association recently penned a letter to Secretary of Commerce Wilbur Ross criticizing the […]
This Morning in Metals: $2 trillion in infrastructure, green policies seen as boon for metals; Why China is binging on aluminum imports
In the coming months, metal prices could be buoyed by policies of the next U.S. presidential administration, Reuters reports. President-elect Joe Biden plans to spend $2 trillion on infrastructure and promote green policies, which require the use of more batteries and solar panels — both of which rely heavily on metals. MetalMiner should-cost models: Give […]
Week in Review: Aluminum MMI focuses on sky-high prices; China topping a billion tons in steel output; Copper’s bull run
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 […]
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, […]
