This morning in metals news, Brazilian miner Vale SA has plans to invest approximately $2.5 billion over the next five years in dry iron ore processing, Rusal reported a drop in its first-quarter profits and copper prices bounced back. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Processing Plans Miner Vale […]
Tag: Aluminum
This Morning in Metals: Trump Signs Executive Order Imposing Sanctions on Iran’s Metals Sector
This morning in metals news, President Donald Trump added sanctions on Iran targeting its metals industry, Rio Tinto is shipping more aluminum to Europe and ArcelorMittal reported its Q1 2019 financial results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump Targets Iran’s Metals Sector A year on after withdrawing […]
Aluminum MMI: Aluminum Prices Fall Despite Global Supply Deficit
The May Aluminum Monthly Metals Index (MMI) held flat at 88 for the third month running, with gains in Chinese aluminum prices negated by weak LME prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME aluminum prices trended downward throughout April, down to recent January 2019 lows. However, prices […]
NASA: Faulty Materials from Aluminum Producer SPI Caused Failed Launches, Cost $700M
Following investigations regarding the cause of two launch failures in 2009 and 2011, NASA pointed the finger this week on faulty materials from aluminum manufacturer Sapa Profiles, Inc. (SPI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “NASA Launch Services Program (LSP) investigators have determined the technical root cause for […]
This Morning in Metals: Republic of Congo Makes First Iron Ore Shipment
This morning in metals news, the Republic of Congo made its first export of iron ore, Korean steelmaker POSCO says elevated iron ore prices will put a damper on steel margins this year and global aluminum production in March hit 5.4 million metric tons. Need buying strategies for steel? Request your two-month free trial of […]
Aluminum Association: Imports of Chinese Aluminum Foil Down 64% from 2017-2018
A year on from the U.S.’s anti-dumping and countervailing duty orders on Chinese aluminum foil, imports of the product have plunged. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The Aluminum Association Trade Enforcement Working Group filed a petition requesting relief from imports of Chinese aluminum foil in May 2017. Almost one year […]
Rusal Makes Post-Sanctions Splash with Investment in U.S. Downstream Production
Call me cynical if you will but Russian aluminum firm Rusal’s announcement, reported in the Financial Times last week, that it intends to invest $200 million for a 40% stake in a new Kentucky aluminum rolling mill — in partnership with privately owned Braidy Industries — has the ring of payback to it. Need buying strategies […]
Rio Tinto Downgrades 2019 Iron Ore Guidance After Recent Cyclones
Miner Rio Tinto released its first-quarter production results this week and downgraded its 2019 iron ore guidance on the heels of the recent cyclones battering the Western Australia coast. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our iron ore business faced several challenges at the start of this year, […]
India Launches Anti-Dumping Probe of Flat Steel Products from China, South Korea, Vietnam
The Indian government has initiated an inquiry into an allegation of dumping of aluminum and zinc-coated flat steel products from China, the Republic of Korea and Vietnam. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The probe will cover the October 2017-September 2018 period, but data from 2015 will also be looked at […]
Norsk Hydro to Increase Automotive Aluminum Capacity at Husnes Plant
Norwegian aluminum maker Norsk Hydro has recently been in the news for a cyber attack that brought much of its operations to a halt. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook More recently, however, the company turned to more positive news, announcing plans to upgrade technology at its Husnes plant to produce […]
