This morning in metals news, the U.S. steel sector’s capacity utilization rate for the year through April 6 reached 81.9%, the zinc price fell on easing supply concerns and miner Glencore is becoming a bigger and bigger player in the copper market. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Tag: Copper
This Morning in Metals: Copper Mining Heats Up Amid Rising EV Demand
This morning in metals news, Russian investors are interested in Nevada copper, iron ore is booming and Vietnam’s steel sector looks to build on a record-setting 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nevada Copper Among other metals, copper will become increasingly important as electric vehicles gain market […]
This Morning in Metals: Copper Price Falls Again Amid Weak German Manufacturing Data
This morning in metals news, the copper price fell again, stocks picked up Thursday as U.S.-China trade talks continued and shares of Reliance Steel are up 31% this year. Has Copper Hit a Wall? The London copper price had been enjoying an upward trajectory from the start of the year through most of February, but […]
Sumitomo Metal Mining Co., Ltd. Releases 2019 Production Guidance
Japan’s Sumitomo Metal Mining Co., Ltd., the second-largest producer of copper in Japan unveiled its fiscal year 2019 production guidance on Monday (for the year beginning this month). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The company guidance calls for production of 420,000 tons of electrolytic copper. That total […]
This Morning in Metals: Mnuchin Calls Latest Round of China Trade Talks ‘Constructive’
This morning in metals news, U.S. Treasury Secretary Steven Mnuchin tweeted Friday that this week’s round of trade talks with China were “constructive,” LME copper is on its way for its first quarterly gain since the end of 2017 and China’s imports of copper are forecast to dip this year. Need buying strategies for steel? […]
This Morning in Metals: Nucor to Invest $1.35B for New Kentucky Steel Plate Mill
This morning in metals news, Nucor announced a major investment toward a new steel plate mill in Brandenburg, Kentucky, steel CEOs ask the Trump administration to maintain the Section 232 duty on steel, and copper prices moved up as U.S.-China trade talks resumed today. Need buying strategies for steel? Request your two-month free trial of […]
ICSG: Global Copper Deficit Estimated at 390K Tons in 2018
The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase […]
Despite Poor Forward Indicators, Copper is on a Roll
There seems to be no holding copper. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The metal’s price hit an eight-month high this month, helped over the line by the Federal Reserve dropping plans for further interest rate hikes this year. But much of the rise seems to be on […]
This Morning in Metals: Shanghai Copper Price Plunges
This morning in metals news, the price of copper on the SHFE fell, Australian iron ore exports are impacted by a cyclone and miner Vale SA halted operations at its Alegria iron ore mine. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Falls The Shanghai copper price dropped […]
This Morning in Metals: Trump Says China Tariffs Could Stay for ‘Substantial Period of Time’
This morning in metals news, President Donald Trump indicated Wednesday the U.S. tariffs on China might not be going away anytime soon, copper prices soared to an eight-month high and an Ohio steel company received a state grant to upgrade a railroad spur. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
