Price forecasters are always looking out for apparently unrelated factors that correlate to the price movement they are tracking. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sometimes the relationship seems bizarre. At first sight, a link between oil prices and aluminum prices appears tenuous until you consider that the […]
Tag: Aluminum
Rio Tinto Makes First Bauxite Shipment From Amrun Mine
On Monday, miner Rio Tinto announced it had made the first shipment of bauxite from its Amrun mine in Australia, six weeks ahead of schedule. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook According to a company announcement, the $1.9 billion investment in the Amrun mine serves to replace production from the depleting […]
Century Aluminum Announces Expansion at Sebree Smelter
U.S. aluminum maker Century Aluminum announced last week it plans to expand production at its smelter in Sebree, Kentucky. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Sebree smelter — one of two Century Aluminum smelters in Kentucky, the other in Hawesville — has an annual production capacity of 220,000 tons. […]
This Morning in Metals: USMCA Signed at G20; Metals Tariffs on Canada, Mexico Remain
This morning in metals news, the U.S., Canada and Mexico formally signed the trade deal that will serve as the successor to the North American Free Trade Agreement (NAFTA), aluminum associations in several countries sent Group of 20 (G20) leaders a joint letter asking them to tackle overcapacity, and President Donald Trump and President Xi […]
This Morning in Metals: Norsk Hydro Says Aluminum Demand to Rise 2-3% in 2019
This morning in metals news, Norsk Hydro sees global aluminum demand picking up 2-3% next year, the Office of the United States Trade Representative (USTR) released a statement on China’s automotive tariffs and Steel Dynamics shares bounced back from a 14-month low. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
CEOs Talk Section 232, USMCA as G20 Summit Approaches
With the United States-Mexico-Canada Agreement (USMCA) potentially being signed by the three parties this week during the G20 Summit in Buenos Aires — which will take place over two days, Nov. 30-Dec. 1 — the trade deal and tariffs are on the minds of industry CEOs, from manufacturing to agriculture. Need buying strategies for steel? […]
This Morning in Metals: Chinese Steel Market Slides
This morning in metals news, Chinese steel prices are dropping, Rio Tinto is leading the copper charge in Australia’s Great Sandy Desert and Asian aluminum prices are coming down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Steel Market Chinese steel prices are entering a bear market, according to […]
WBMS Report Shows Metal Deficits Can’t Fend Off Falling Investor Appetite
The World Bureau of Metal Statistics’ (WBMS) most recent press release makes for curious reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Covering as it does the first three quarters of this year, the January to September period, you could read the report and then ponder the recent price direction […]
Global Aluminum Production Rises 4% Year Over Year in October
According to International Aluminum Institute (IAI) data released yesterday, global aluminum production jumped 4% year over year in October. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Global aluminum production hit 5.4 million metric tons in October, up from 5.2 million metric tons in October 2017. The October production total also marked an […]
This Morning in Metals: Mexico Expects U.S. to Lift Metals Tariffs with USMCA Signing
This morning in metals news, the Mexican ambassador to the U.S. told news agency McClatchy he expects the U.S. to lift its steel and aluminum tariffs, world aluminum production jumped in October, and Norilsk Nickel says it is willing to work with London-listed Kaz Minerals on a copper project in Russia. Need buying strategies for […]