Steel often gets all the glory, but aluminum also had a big year. From the U.S.’s Section 232 tariff announcement to the April aluminum price spike after the U.S. Treasury initially announced sanctions against Russian firms and their owners (including aluminum giant Rusal), there was plenty going on in the world of aluminum. On the […]
Tag: Aluminum
This Morning in Metals: Aluminum Falls to 16-Month Low
This morning in metals news, the aluminum price slides to a 16-month low, Liberty House could be looking to expand its presence in the Middle East and the mid-February deadline for the Section 232 auto investigation draws nearer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Liberty House Continues on […]
Rusal Back in U.S.’s Good Books, But Oligarch Oleg Deripaska Stays Out in the Cold
Well, that was something and nothing, wasn’t it? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The non-event of the month was the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announcement this week of its intention to end sanctions on En+ Group plc, UC Rusal plc, and JSC […]
This Morning in Metals: Iron Ore Prices Surge
This morning in metals news, iron ore prices are up, a Kentucky company announces an expansion, and Canada will expand its targeted tariff relief as part of its ongoing efforts to tackle the U.S.’s Section 232 steel and aluminum tariffs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
This Morning in Metals: U.S. to Lift Sanctions on Russian Oligarch Deripaska’s Companies
This morning in metals news, the U.S. Treasury Wednesday announced it will lift its sanctions against companies owned by Russian oligarch Oleg Deripaska (which includes aluminum giant United Company Rusal), Chinese steel prices hit a five-week high and Alcoa cuts aluminum production amid a labor dispute at its Becancour smelter in Quebec. Need buying strategies […]
This Morning in Metals: E.U. Extends Steel Investigation
This morning in metals news, the European Commission has extended its probe of steel imports, steel production in the Great Lakes region of the U.S. ticked up last week and Chinese aluminum companies will reportedly come together to discuss falling aluminum prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Morning in Metals: Section 232 Tariffs Working? Competing Studies Duke It Out
This morning in metals (and commodities), a few news bits we’re following: OPEC forecasts fall in demand for cartel’s crude next year. “OPEC estimates the world will need 31.4m barrels a day of the cartel’s crude next year, 2.1m b/d less than demand from 2017, as production from US shale fields continues to swell,” according […]
Chinese Aluminum Exports Impact More Than Just the U.S.
We tend to view the issue of China’s excess aluminum manufacturing capacity through the simple lens of its impact on the U.S. and European markets, but comments in a recent Aluminium Insider article show that the flood of low-cost aluminum from the People’s Republic of China is having a global impact. Buying Aluminum in 2019? […]
Morning in Metals: U.S. Steel Shipments Up, China Near-Term Non-Ferrous Outlook Weak
Here’s what we’re tracking this morning in metals: U.S. steel shipments are up in October. AISI has reported that U.S. steel mills shipped close to 8.2 million net tons in October, a 4.6% rise over the month of September — and a 6% increase from the 7.7 million net tons shipped in October 2017. In […]
Aluminum MMI: November Prices Fall as Sanctions Deadline is Postponed (Again)
The December Aluminum Monthly Metals Index (MMI) held steady this month at 88. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices also fell in November. Aluminum prices appear weaker this month. However, prices have increased so far in December. From last July until November, LME aluminum prices traded in the […]