This morning in metals, the president tweets about steel and aluminum (current Section 232 probes under his consideration), Apple’s move on cobalt and China plans to crack down on aluminum price speculation. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! Trump Tweets About Steel, Aluminum; Announcement Possibly Coming Today According […]
Tag: Aluminum
Norsk Hydro Bids for Rio Tinto’s Iceland Aluminum Plant
Norwegian firm Norsk Hydro announced Monday that it had put in a bid for Rio Tinto‘s aluminum plant in Iceland, according to a company release. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “We see great potential in exchanging competence and technology elements between our aluminium plants,” said Hilde Merete Aasheim, head of […]
What Could be the Outcomes for the Section 232 Aluminum Probe?
Although my colleagues have written in detail exploring the specifics of the Section 232 investigations in steel and aluminum, recently completed by the U.S. Department of Commerce, it is worth considering the likely outcomes. This is particularly true for aluminum, because the production market is not as integrated as it is for steel. Often, primary […]
This Morning in Metals: U.S. Dept. of Defense Backs Targeted Steel, Aluminum Tariffs
This morning in metals news, the U.S. Department of Defense recently indicated it would prefer targeted tariffs as opposed to a blanket strategy, Australian Prime Minister Malcolm Turnbull will press President Donald Trump on an assurance last year that Australia would be exempted and London copper is down for the week. Buying Aluminum in 2018? […]
Breaking Down Section 232 Aluminum, Part 2: U.S. Importing More and Exporting Less
(Editor’s Note: This is the second part of our series covering the recently released Section 232 aluminum report. In case you missed it, you can find Part 1 here.) Domestic Aluminum Industry The aluminum industry has three main steps according to the production process: Upstream, or primary or unwrought production. Downstream, which consists of processing […]
Breaking Down Section 232 Aluminum, Part 1: Commerce Eyes 80% Capacity Utilization
Last week, the Department of Commerce released the reports accompanying the Section 232 investigations for both aluminum and steel products. The Department of Commerce initiated the investigations last April under Section 232 of the Trade Expansion Act of 1962, which grants the president the ability, along with his Department of Commerce, to determine whether certain […]
Is Aluminum Not as Strong as it Should Be?
You may be excused for wondering quite what is happening to the aluminum price. Base metals have continued in a robust rally since the recent volatility knocked prices sideways along with equities and the associated havoc in the bond market. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But having fallen, aluminum prices […]
Department of Commerce Releases Section 232 Aluminum, Steel Recommendations
When the Department of Commerce announced last month that Secretary of Commerce Wilbur Ross had forwarded his Section 232 steel report (and the following week, aluminum) to President Donald Trump, the details of the report were not made public. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! That changed Friday, […]
This Morning in Metals: Indonesian Government Mulls Freeport Copper Contract Extension
This morning in metals news, the Indonesian government is considering whether or not to extend the copper export contract with Freeport McMoRan, Reliance Steel and Aluminum announces its fourth quarter earnings. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Aluminum Tariffs Could Mean Pricier Beer? President Trump has met with lawmakers this week […]
China’s Aluminum Industry Looking for Outlets for Excess Metal
China is both the world’s largest aluminum producer and consumer. So, not surprisingly, what happens in the Chinese market has a major impact on global aluminum prices. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook There was a time some years ago when China’s primary aluminum market operated largely in isolation, with primary […]