More than a year and a half has elapsed since President Donald Trump, leveraging Section 232 of the Trade Expansion Act of 1962, imposed tariffs on imported steel and aluminum of 25% and 10%, respectively. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump applied the tariffs using the Section […]
Tag: Aluminum
Aluminum, Steel Demand Weakens in Northern Europe
The normally pragmatic Netherlands has been strangely agitated recently, as both the construction and agricultural industry have protested on the streets of the capital, the Hague, against the government’s measures for combating nitrogen and PFAS-based pollution. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In itself this would barely be […]
Aluminum Prices Rising Despite Weak Demand
The aluminum price is a contrary thing, isn’t it? For months, aluminum prices have been falling on the basis that demand is waning due to slowing global growth (particularly in top consumer China). Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook China’s gross domestic product growth slowed again to 6.0% year over year […]
Aluminum MMI: Index Near Three-Year Low as LME Aluminum Trades Sideways
The Aluminum Monthly Metals Index (MMI) remained flat this month at 82, with the majority of prices in the index increasing mildly, offset by a few declining values. The current index value remains near a three-year low. Free Partial Sample Report: 2020 MetalMiner Annual Metals Outlook LME aluminum prices generally moved sideways in October but […]
After Lifting of Alunorte Embargo, Norsk Hydro Ramps Up Production as Aluminum Prices Fall
Norwegian aluminum, alumina and bauxite producer Norsk Hydro scored a key victory in September when Brazil’s federal court lifted the final embargo on the firm’s Alunorte alumina refinery, allowing it to ramp back up to 100% capacity. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade […]
This Morning in Metals: Aluminum Associations Demand Action on Market-Distorting Behavior
This morning in metals news, global aluminum associations are calling for action on market-distorting activity, China’s semi-finished steel imports skyrocketed in September and Freeport-McMoRan reported its 3Q 2019 results. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Aluminum Associations Demand Reforms Yesterday, we […]
Global Aluminum Production Falls — But So Do Aluminum Prices
According to the International Aluminum Institute, global aluminum production totaled 5.16 million tons in September, down from 5.33 million tons in August and 5.30 million tons in September 2018. Despite the decline in production, prices have not received a boost — in fact, the LME aluminum price per pound is hovering at around $0.78 per […]
The October MMI Report: Steel Prices Slide, U.S. Readies E.U. Tariffs
The October 2019 Monthly Metals Index (MMI) report is in the books. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. This month, just one of the Monthly Metals Indexes (MMIs) increased, while six declined and three held flat. Some highlights from this month’s MMIs: After […]
SUV Demand Raises Questions about Impact of EVs on Environmental Targets
An interesting article in the Financial Times this week struck a chord with us at MetalMiner where we often debate how we see metals and manufacturing will go. As such, we often try to shoot holes in oft touted but poorly researched “trends” found in the popular media or espoused by politicians. Keep up to […]
Aluminum MMI: Chinese, LME Price Declines Drag Down the Index
The Aluminum Monthly Metals Index (MMI) dropped by one point again this month, this month down to an MMI reading of 82. However, rather than universal price weakness like last month, price declines in China pulled the index down (along with a milder drop in LME prices). All other prices in the index increased, although […]
