The Aluminum Monthly Metals Index (MMI) dropped two points this month to 84. Most of the prices tracked for the index dropped this month, with European prices dropping the most (by close to 7.5%). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME aluminum prices fared best of all of […]
Tag: Aluminum
This Morning in Metals: EPA Reverses Ruling that Blocked Alaska Mining Project
This morning in metals news, the EPA reversed an Obama-era decision regarding an Alaskan mining project, the Federal Reserve issued its first rate cut since the financial crisis and a Chinese billionaire is alleged to have instituted a scheme to avoid $1.8 billion in tariffs on aluminum exported to the U.S. Need buying strategies for […]
This Morning in Metals: LME Copper Prices Fall
This morning in metals news, copper dipped on Tuesday, Asian countries are dealing with a glut of steel from China and Heineken is feeling the impact of higher aluminum costs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Slides The LME copper price dipped Tuesday amid U.S.-China trade talks […]
Norsk Hydro to Supply Aluminum for Audi’s First Fully Electric Model
Oslo-based Norsk Hydro has entered into an agreement with Audi to supply aluminum for the battery housing of the automaker’s first fully electric model. The aluminum, Hydro says, is “processed and manufactured along the entire value chain in an environmentally conscious manner and under socially acceptable working conditions,” conditions which have been confirmed by the […]
Aluminum Dissonance: Why Have Prices Softened Despite Supply Deficit?
That the aluminum market is in a deficit is a widely accepted fact — but it still remains hard to see in practice. Usually when markets are in deficit, prices rise. Primary aluminum as quoted by the LME, however, has been at best sideways for the last year or more. Prices have gradually softened within […]
Aluminum’s Short-Term Fundamentals are Less Than Promising
The short-term fundamentals for aluminum do not look promising, if Alcoa’s latest report is to be believed. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The major primary producer is struggling to create positive net cash flow, a measure of the firm’s ability to pay down its substantial debt, reporting a […]
Global Aluminum Production in June Hits 5.25M Metric Tons
Global aluminum production reached 5.25 million metric tons in June, the International Aluminum Institute reported Monday. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The June total marked a decline from the 5.43 million metric tons produced in May and the 5.33 million metric tons produced in June 2018. China led the way […]
This Morning in Metals: Steel Dynamics Announces New Flat-Rolled Steel Mill Site
This morning in metals news, Steel Dynamics announced the site of a planned new flat-rolled steel mill, Norsk Hydro says aluminum demand is falling in Germany and Canadian aluminum producers are enjoying boosted profits on the heels of the removal of the U.S.’s Section 232 tariffs. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Lone Bosnian Aluminum Smelter Closes
This morning in metals news, Bosnia’s only aluminum smelter is closing, President Donald Trump comments on U.S.-China trade talks and the United States Trade Representative (USTR) is pursuing competition-related concerns with respect to the U.S.-Korea Free Trade Agreement (KORUS). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Bosnian Aluminum Smelter […]
Aluminum MMI: Falling Chinese Prices Offset by Strong Prices in ROW
The Aluminum Monthly Metals Index (MMI) held steady at 86 this month based on mixed price movements. While prices in China dropped in the 1% to 2% range, all other prices in the Aluminum MMI basket rose slightly. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices continued to fall into […]
