Copper appears to be caught in the crosswinds. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After months of steady declines from a peak of U.S. $6,600 per ton in April, the copper price had drifted down to well below $6,000 per ton on fears of what impact the ongoing […]
Tag: Copper
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
This Morning in Metals: ArcelorMittal Expresses Concerns Over Italy’s Crescita Law Decree
This morning in metals news, steelmaker ArcelorMittal has concerns over a new law Italy is set to approve later this month, Vietnam plans to impose anti-dumping duties on coated steel from China and South Korea, and a work stoppage continues at Codelco’s Chuquicamata copper mine in Chile. Need buying strategies for steel? Request your two-month […]
This Morning in Metals: LME Announces Next Steps Toward LME Contract
This morning in metals, the London Metal Exchange announced a new partnership that aims to promote “market uptake of a transparent and representative global lithium price,” President Donald Trump backs off imposing a 5% tariff on all imports from Mexico and China’s May copper imports dropped. Need buying strategies for steel? Request your two-month free […]
Copper MMI: Global Supply Deficit Outweighed by Macroeconomic Uncertainty
This month’s Copper Monthly Metals Index (MMI) reading for copper dropped to 73 from last month’s reading of 78, the new low for the year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices continued to trend downward, but technically still remain in a long-term bull market. […]
ICSG: Global Copper Market Tallies 40K Ton Surplus Through First Two Months of 2019
The International Copper Study Group (ICSG) recently reported world copper mine production fell 1.8% through the first two months of the year, per preliminary data. The global copper market was in surplus by 40,000 tons in the first two months of the year, the ICSG reported. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Trump Threatens Mexico with Tariffs as USMCA Push Continues
This morning in metals, President Donald Trump threatened to impose tariffs on all imports from Mexico, Shanghai steel prices are down and copper prices are en route to their biggest monthly fall since 2015. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump Threatens More Tariffs on Mexican Goods The […]
This Morning in Metals: U.S. Steel Imports Down 7.8% Through April
This morning in metals, U.S. imports of foreign steel have dropped 7.8% through the first four months of the year, the Department of Commerce announced changes to its countervailing duty process and the copper price is on its way to its sixth consecutive weekly drop. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Codelco, Non-Market-Oriented Policies and British Steel
This morning in metals news, Reuters reported Chile’s Codelco copper mine is set to see its production drop over the next two years, trade ministers from the E.U., U.S. and Japan released a joint statement, and time is running out if British Steel is going to be saved. Need buying strategies for steel? Request your […]
This Morning in Metals: Iron Ore Soars After Vale Warning
This morning in metals news, the iron ore price continues to rise, the U.S. cut its import tariff on Turkish steel in half and copper is on its way to its fifth consecutive weekly loss. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises After Vale Warning The […]
