This morning in metals news, the chief executive of Austria’s Voestalpine says Europe’s steel industry has excess capacity, copper picked up as the dollar’s gains paused and automotive aluminum use is picking up according to one survey.Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum Autos The aluminum sector is becoming […]
Tag: Copper
This Morning in Metals: Copper Rises as Dollar Falls
This morning in metals news: copper jumped as the dollar continued its slide; ArcelorMittal saw its core profits grow significantly in 2017, leading to a resumption in dividend payments; and the London Metal Exchange has a new chief operating officer. Copper Jumps Ahead of Fed Announcement Copper jumped 1% on Wednesday, according to reuters.com, ahead […]
This Morning in Metals: Weaker Chinese Demand Might Hold Back Copper, Aluminum Rallies
This morning in metals news, weaker demand in China could counterbalance other forces that would push the prices of copper and aluminum up, the Chinese perspective on potential looming trade actions from the Trump administration, and new research has produced a “super-strong” aluminum alloy. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Could […]
This Morning in Metals: Trump Hits Solar Panels, Washing Machines with Tariffs
This morning in metals news, President Trump slaps import tariffs on solar panels and washing machines, year-to-date domestic raw steel production is down 3.2%, and copper prices continue to rise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Trump Adds Solar Panels, Washing Machines to Tariff Mix According to the Washington […]
Copper Had a Big 2017, but What Does 2018 Hold?
The 2017 calendar year saw copper heat up in a big way. According to MetalMiner IndX data, LME primary cash copper was $5,512/metric ton on Jan. 1, 2017. It closed the year at $7,215/mt, good for a meteoric rise of 30.9%. Need buying strategies for copper in 2018? MetalMiner’s Annual Outlook has what you need […]
This Morning in Metals: Rio Tinto Finds Copper at Grasberg for First Time Since 2014
This morning in metals news, Rio Tinto made a copper discovery at its Grasberg mine for the first time since 2014, automakers urge Trump not to withdraw from the North American Free Trade Agreement (NAFTA) and copper hits a 3 1/2-week low. MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel Rio Makes Copper […]
This Morning in Metals: U.S. Steel Imports Rise 15.5% in 2017
This morning in metals news, U.S. steel imports rose significantly in 2017, Shanghai nickel hits a 2-month high and the Peruvian government is considering a $2.4 billion railway project in light of rising copper output. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Imports Up by 15.5%; 2017 Market Share […]
This Morning in Metals: China Issues Stricter Rules on New Capacity
This morning in metals news, China has issued stricter rules on building new steel capacity, Chinese steel production is expected to slow down in 2018 and LME copper rises as the dollar loses ground. New Rules to Put the Squeeze on New Capacity in China China has new, stricter rules on building new steel capacity, […]
Week in Review: Chinese Capacity Cuts, Podcast Ep. 4 and Bitcoin
Before we come to the end of the first business week of 2018, let’s look back at some of the stories on MetalMiner so far this year: Chinese supply-side reforms generally have a big impact on metal prices — such was the case for copper, as our Stuart Burns wrote early this week. In case […]
This Morning in Metals: Chinese Steel Futures Fall Ahead of Dropping Demand
This morning in metals news, Chinese steel futures fell, iron ore has done well to start 2018 and a new copper deposit has been discovered in Ecuador. Two-Month Trial: Metal Buying Outlook Chinese Steel Futures Break Three-Day Upward Streak Chinese steel futures fell on Thursday, breaking a three-day streak of gains, according to Reuters. The […]
