This morning in metals news, President Donald Trump again expressed support for imposing tariffs on imports (as the U.S. considers further tariffs on Chinese goods), shares of the Chinese aluminum giant China Hongqiao fell, and base metals prices are down on the prospect of escalating tariffs between China and the U.S. Need buying strategies for […]
Tag: Aluminum
Alumina is the Elephant in the Room When it Comes to the Aluminum Price
Some commentators were calling the imminent collapse of the aluminum price last month — certainly, it tested the bottom of its recent range, at just below $2,000 per metric ton on the LME. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But the price has since rallied and is currently range bound between […]
Rusal Sanctions Deadline Looming
As the Oct. 23 deadline approaches, the aluminum market is taking no risks on continued supply from Russia’s Rusal, Reuters reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The industry traditionally gets together in Berlin this week to negotiate annual supply contracts for 2019 with billet makers, rolling mills […]
Aluminum MMI: U.S. Midwest Premium Falls for Second Straight Month
The September Aluminum Monthly Metals Index (MMI) traded sideways this month. The Aluminum MMI index stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices increased in August. However, so far in September, prices have fallen. Aluminum prices are in a sideways trend within the $1970-$2170/mt band. Buying […]
Russian Sanctions Remain a Threat to Metals Markets
Following Russia’s military intervention in Ukraine in February 2014 — the Ukrainian crisis, as it became known as — a number of countries imposed sanctions on Russia led by the United States and Europe, but supported by many others like Canada, Australia and Japan. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The […]
This Morning in Metals: Argentina Imposes Export Tariffs on Steel
This morning in metals news, Argentina sets exports tariffs, LME copper drops and China’s biggest aluminum-producing city is getting set to roll out high-end aluminum projects. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Argentina Slaps Exports with Tariffs Argentina added export tariffs to all products, including steel, according to S&P […]
U.S., Mexico Strike Preliminary Agreement in Principle on NAFTA Provisions; U.S.-Canada Talks Await
On Monday, the U.S. announced an agreement in principle regarding aspects of the North American Free Trade Agreement (NAFTA), albeit in a bilateral sense, as Canada remained on the sidelines of the talks between the U.S. and Mexico. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “The United States and Mexico […]
LME Aluminum Price Continues Downtrend as Commerce Secretary Visits Century Aluminum Plant
Like a sudden and overwhelming springtime rainstorm, aluminum prices, as many are no doubt aware, received a shock in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the news of U.S. sanctions targeting Russian companies and their owners — including Russian aluminum giant Rusal, the second-biggest aluminum producer in the world […]
Aluminum Association Urges Trump Administration to Address Chinese Overcapacity
The Aluminum Association this week sent a letter to the Trump administration urging it to address Chinese overcapacity, as U.S. and Chinese officials are set to resume talks Wednesday and Thursday aimed at allaying trade tensions. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The trade group sent the letter to Treasury […]
Turkey Goes to WTO For Consultations With U.S. Over Additional Steel, Aluminum Duties
In the latest move in the recent saga of burgeoning tensions between the U.S. and Turkey, the latter has filed a request with the World Trade Organization (WTO) for consultations over the U.S.’s additional steel and aluminum tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The request was circulated to […]
