This morning in metals news: the U.S. steel sector’s capacity utilization rate hit 76.7% last week; the London Metal Exchange has proposed permanently closing its iconic Ring trading floor; and the copper price has trended flat over the past week. Steel capacity utilization reaches 76.7% The U.S. steel sector’s capacity utilization rate hit 76.7% for […]
Tag: Copper
What do China’s surging copper imports tell us about the economy for 2021?
China has had a fraction of the deaths and hospitalizations from the COVID-19 pandemic that Western societies have had. Furthermore, China had an economic bounceback that saw its GDP rise 2.3% last year. China’s bounceback The rebound has been impressive. Construction of new high-speed train lines to smaller provincial cities and new motorways connecting remote […]
This Morning in Metals: U.S. to adjust tariffs on E.U. products stemming from Boeing-Airbus dispute
This morning in metals news: the U.S. announced it will adjust its tariffs on E.U. products imposed last year; the U.S.’s renewable energy consumption surpassed that of coal for the first time since before 1885; and metals prices have retraced slightly this week. Find more insight on MetalMiner’s LinkedIn. U.S. adjusts tariffs on E.U. Last […]
Best of 2020: top copper posts of the year
Continuing our rundown of the best of 2020, let’s take a look back at the year that was for copper. Like other metals, copper suffered an early-year swoon. The LME three-month copper price fell to just over $4,600 per metric ton in late March, as nations around the world began to battle the early stages […]
Global copper mine production drops 1% as prices continue to soar
Global copper mine production during the first nine months of the year fell 1%, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit of 387,000 metric tons during the period. DO NOT miss out…join the MetalMiner LinkedIn group today for news on aluminum, steel and copper (oh my!). […]
This Morning in Metals: U.S. Steel releases Q4 2020 guidance
This morning in metals news: U.S. Steel announced its Q4 2020 guidance; the Bureau of Labor Statistics released its November employment summary; and the copper price continues to surge. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. Steel releases Q4 […]
This Morning in Metals: Rio Tinto commits $10M toward low-carbon steelmaking research partnership with Baowu
This morning in metals news: Rio Tinto has committed $10 million toward its research partnership with China’s Baowu Steel Group; meanwhile, Freeport McMoRan completed the sale of an undeveloped project in the Democratic Republic of the Congo; and, lastly, copper remains at an over seven-year high. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident […]
Copper MMI: China’s new exchange signals change
The Copper Monthly Metals Index (MMI) increased 11.0%. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! New copper futures contract On Nov. 19, the Shanghai International Energy Exchange (INE), a subsidiary of the SHFE, started trading new bonded copper futures contracts. This contract […]
Week in Review: Aluminum MMI focuses on sky-high prices; China topping a billion tons in steel output; Copper’s bull run
This edition of week in review will also include a preview. MetalMiner’s Monthly Metals Index kicked off Thursday with a look at aluminum, and the MMI series will continue with an examination of developments in the copper market on Monday, with posts about steel, construction, automobiles and other MMI topics to follow. Check if your […]
This Morning in Metals: BHP says copper output must double in 30 years; Iron ore prices set to rise; Upswing for tin demand?
Demand for copper and the move toward low-carbon economies will require that copper output double in the next 30 years, said BHP’s Tariq Salaria, vice president for sales and marketing. “Decarbonization and electrification are the main drivers for the future of metals commodities, delivering on the commitment of moves toward a low-carbon economy,” Salaria said […]
