Global copper mine production rose by 3.5% through the first two months of the year, the International Copper Study Group reported. Furthermore, copper concentrate production rose by 5% during the period, while solvent extraction-electrowinning fell by about 3%. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
Tag: Copper
Copper prices to see out 2021 at lower levels — but higher prices coming in meantime
The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner. “It’s sentiment-driven,” one analyst said about current prices for the base metal and the prospect for increases in them over the year. Each month, MetalMiner hosts a […]
This Morning in Metals: US steel capacity utilization dips slightly to 79.0%
This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a […]
This Morning in Metals: UC Rusal to demerge high-carbon assets, change name to AL+
This morning in metals news: UC Rusal will demerge its high-carbon assets; meanwhile, steel industry groups issued a renewed call to the Biden administration to ask him to keep the Section 232 steel tariff in place; and the copper price has picked back up this week. You want more MetalMiner on your terms. Sign up […]
Copper prices continue to surge — is the market in danger of overheating?
Copper prices have risen relentlessly from $4,371 per ton in March last year to over $10,450/ton now. Stories of a new supercycle put out by the likes of Goldman Sachs may have helped. However, so have massive imports by China over the last year. Reuters reports physical purchases by China, both commercial and state, hit […]
Copper MMI: Copper price soars to record high amid tightness, dollar’s slide
The Copper Monthly Metals Index (MMI) surged by 10.6% for this month’s reading, as the copper price has soared to a record high. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. Copper prices reach record highs Last month, MetalMiner’s Stuart Burns dissected various views on […]
This Morning in Metals: Century Aluminum reports Q1 net loss despite 14% sales jump
This morning in metals news: Century Aluminum released its Q1 financial results; meanwhile, copper prices continue to surge; and natural gas production plummeted during what was a frigid February in the US. The MetalMiner Best Practice Library offers a wealth of knowledge to help buyers stay on top of metals markets. Century Aluminum releases Q1 […]
This Morning in Metals: U.S. Steel ends $1.5B plans to upgrade Mon Valley Works
This morning in metals news: U.S. Steel announced it is ending plans for $1.5 billion in upgrades to the Mon Valley Works site; the Census Bureau reported construction spending figures for March; and the copper price has heated up once again. Do you know the five best practices of sourcing metals, including steel? U.S. Steel […]
This Morning in Metals: Copper mine production rises 4% in January
This morning in metals news: global copper mine production rose by 4% year over year in January; meanwhile, ELYSIS selected Rio Tinto’s Alma smelter for the installation of commercial size 450 kA inert anode prototype cells; and, lastly, U.S. Steel will not go forward with plans to have natural gas wells on a site near […]
This Morning in Metals: ‘Clean Sheet Project’ targets production of recyclable automotive sheet metals
This morning in metals news: a $2 million project seeks to develop ways to more cost-effectively produce lightweight automotive sheet metals; meanwhile, U.S. Steel joined the global nonprofit ResponsibleSteel™; and the copper price has picked back up over the last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
