This morning in metals news: Novelis announced it will invest $375 million to expand its automotive sheet production and recycling operations in China; Glencore released its Q3 production report; and, lastly, U.S. steel imports jumped by 16% month over month in September. Are you under pressure to generate aluminum cost savings? Make sure you are […]
Tag: Glencore
This Morning in Metals: Steel capacity utilization dips to 84.7%
This morning in metals news: U.S. steel capacity utilization fell to 84.7% last week, the American Iron and Steel Institute reported; meanwhile, Glencore signed a cobalt supply deal with Britishvolt; and, lastly, the Department of Energy released a brief on investment in solar energy. Do you know which market conditions are best with different steel […]
This Morning in Metals: China raises export tariffs for steels
This morning in metals news: China opted to increase export tariffs on some steel products; meanwhile, Glencore released its first-half production results; and, lastly, U.S. personal income increased slightly in June. Want MetalMiner directly in your inbox? Sign up for weekly updates now. China boosts steel export tariffs China has raised export tariffs for some […]
This Morning in Metals: Steel capacity utilization rate rises to 81.5%
This morning in metals news: the US steel capacity utilization rate reached 81.5% last week; meanwhile, miner Glencore announced a new liquefied natural gas supply agreement; and, lastly, G7 trade ministers issued a joint communiqué covering market and trade distortions by state enterprises. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore […]
This Morning in Metals: Companies launch solution for end-to-end cobalt traceability
This morning in metals news: several companies have collaborated on a solution that aims to allow for end-to-end cobalt traceability; meanwhile, the Associated General Contractors of America said rising materials prices threaten the economic recovery; and, lastly, the US, Canada and Mexico issued a trilateral statement on the United States-Mexico-Canada Agreement. The MetalMiner Best Practice […]
Renewables/GOES MMI: US renewable energy electricity generation to double by 2050
The Renewables Monthly Metals Index (MMI) rose by 4.4% this month, as the Energy Information Administration released a forecast on renewable energy. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Renewable energy growth in the US US electricity generation from renewable energy sources is forecast to double over the […]
This Morning in Metals: Researchers release findings on organic molecules, machinability
This morning in metals news: Purdue University researchers have released findings about the impact of organic molecules on machinability; Glencore made an operational update; and the WTI crude oil price ticked up this week. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost […]
Renewables/GOES MMI: New wind, solar capacity to come onstream
The Renewables Monthly Metals Index (MMI) gained 7.8% for this month’s index value. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. EIA: U.S. to add wind, solar capacity to electricity generation mix While an overwhelming majority […]
This Morning in Metals: Glencore CEO to retire, successor named; How China outmaneuvered the U.S. on mining
The global mining and trading business Glencore will get new leadership next year, with the firm announcing Friday that CEO Ivan Glasenberg will retire and that Gary Nagle, a senior deputy overseeing coal industrial assets, will succeed him, the Wall Street Journal reports. Are you prepared for your annual aluminum contract negotiations? Be sure to […]
This Morning in Metals: U.S. steel imports down 19%
This morning in metals news: U.S. steel imports for the year through July fell 19%; Zambia is looking to take over Glencore copper mines in the country; and Brazil’s Vale has opened an iron ore grinding hub in China. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you […]