This morning in metals news, the U.S. steel industry’s steel capacity utilization rate for the year through Aug. 31 fell to 80.8%, copper bounced back from a two-year low and China’s vice premier made a call for a “deeper mutual understanding” between the U.S. and China. Need buying strategies for steel? Request your two-month free […]
Tag: Copper
This Morning in Metals: Tata Steel Closures in U.K. to Potentially Impact 400 Jobs
This morning in metals news, Tata Steel is closing some of its operations in the U.K., copper is down to a two-year low and the Dow Jones dropped on the heels of the latest round of tariffs going into effect Sept. 1. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: Copper Prices Make Gains
This morning in metals news, the copper price ticked up Wednesday, an appeals court is reconsidering an aluminum antitrust suit involving several big-name companies and Rio Tinto is taking over a mining site in British Columbia. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Rises The copper price […]
ICSG: Global Copper Deficit Reaches 190,000 Tons in First Five Months of 2019
According to a recent report from the International Copper Study Group (ICSG), the global copper supply deficit came in at 190,00 tons for the first five months of the year. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The ICSG reported global copper mine production fell 1% during the first five months of […]
This Morning in Metals: China Molybdenum’s DRC Mine Struggles Under Falling Prices
This morning in metals news, China Molybdenum is facing a number of pressures at its copper and cobalt mine in the Democratic Republic of the Congo, Norsk Hydro announced new certifications for several of its aluminum plants and profits have fallen at Australian miner South32 Ltd. amid falling aluminum prices. Need buying strategies for steel? […]
This Morning in Metals: Layoffs Coming at U.S. Steel’s Great Lakes Works
This morning in metals news, U.S. Steel plans to lay off hundreds at its Great Lakes facility, miner BHP released its financial results for the fiscal year and copper prices pull back. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Layoffs Coming at U.S. Steel Plant A new round of […]
This Morning in Metals: Turkish Military Pension Fund Reaches Tentative Deal to Buy British Steel
This morning in metals news, a Turkish military pension fund has reportedly reached a tentative deal to buy the ailing British Steel, copper prices held flat Friday and the latest round of tariffs could impact China’s ability to prop up its economy. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: U.S. to Delay Tariffs on Some Consumer Goods from China
This morning in metals news, the United States Trade Representative (USTR) announced the U.S. would delay some of the recently announced tariffs on Chinese goods, what could be the largest copper mine project in North America recently got a key approval from the U.S. Forest Service and a Turkish military pension fund has a £900 […]
This Morning in Metals: A Preferred Bidder for British Steel?
This morning in metals news, British Steel could have a buyer lined up, protests have disrupted copper mine activities in Peru and the American Iron and Steel Institute (AISI) released July steel import data. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook British Steel Update According to The Guardian, a […]
Glencore to Halt Production at World’s Largest Cobalt Mine in the DRC
These are trying times for Glencore, as the cobalt market price collapses due to surging supply and weak copper prices undermine the fundamentals for the miner’s Mutanda copper and cobalt mine in the Democratic Republic of the Congo. The Financial Times reported Glencore will halt production at the world’s largest cobalt mine from the end […]
