The copper price breached $7,000 per ton this week, reaching $7,034 per ton on the LME — the highest level since June 2018. What does this tell us? Is demand robust and supply constrained? The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors […]
Tag: Copper
This Morning in Metals: LME copper up, SHFE copper drops
This morning in metals news: LME copper gained Monday while SHFE copper retraced; the Pilbara Ports Authority recently released September shipping figures; and top copper producer Chile marks the one-year anniversary of widespread protests. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 67.9%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ending Oct. 10 reached 67.9%; copper prices dropped Tuesday; and global liquid fuel outages increased in 2020, according to the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Copper MMI: Copper demand outlook shows strength
The Copper Monthly Metals Index (MMI) decreased 1.2% for this month’s value, even as the copper demand outlook shows signs of strength. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing […]
This Morning in Metals: Steel Dynamics releases Q3 earnings guidance
This morning in metals news: Steel Dynamics recently released its financial guidance for Q3; miner Ivanhoe Mines announced plans to double annual capacity at the Kakula copper mine; and lead prices have lost steam. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors […]
Global copper mine production down 1% as prices continue to rise
As copper prices have continued to rise over the last six months, copper mine production has fallen. According to the International Copper Study Group (ICSG), copper mine production fell 1% during the first half of the year. Furthermore, the global copper market posted a deficit of 235,000 tons during the first half of 2020, according […]
India takes steps to restrict copper, aluminum imports
FurAccording to the Indian Financial Express, the country is intending to take a leaf out of the European Union’s book and introducing an import surveillance scheme for aluminum and copper imports. Does your company have an aluminum buying strategy based on current aluminum price trends? India’s rising copper, aluminum imports Like the E.U.’s scheme, the […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
Copper MMI: Copper prices pick up, aided by strong Chinese demand, supply fears
The Copper Monthly Metals Index (MMI) increased 5.1% for this month’s value, as copper prices continue to pick up globally. LME copper prices increased throughout August, trading over $6,500/mt the last few weeks of the month. SHFE prices also increased during the same period, as local demand remained strong and refined production tightened. Want an […]
Copper is outperforming other metals
A fair part of the bull story for copper this year has been supply-side fears. The world’s largest mines are in South America, which has suffered from catastrophic levels of coronavirus infections. True, China’s recovery has played a role in the booster’s case. So have the role of copper in the growing electric vehicle (EV) […]
