This morning in metals news: the European Commission on Wednesday extend anti-dumping duties on stainless steel from China; miner Glencore released its half-year report; and Brazil is trying to meet China’s surging iron ore demand. For more news and notes from the world of metals, make sure to subscribe to the free MetalMiner e-newsletter, Gunpowder.
Tag: Glencore
This Morning in Metals: U.S. steel capacity utilization ticks up to 54.0%
This morning in metals news, the U.S. steel sector’s capacity utilization rate moved up from the previous week, Australia’s Pilbara Ports Authority recently released shipping data for May and Tesla reportedly plans to expand its cobalt supply relationship with Glencore.
Renewables/GOES MMI: First Cobalt releases positive feasibility study for North American cobalt plant
The Renewables Monthly Metals Index (MMI) fell 1.0% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) First Cobalt, Glencore to open North American cobalt supply plant Canadian firm First Cobalt and miner Glencore plan to bring a new cobalt plant to North America, one that will supply the electric vehicle sector, the […]
This Morning in Metals: Ford to restart U.K. operations May 18
This morning in metals news, Ford plans to restart its operations in the U.K. on Monday, Glencore comments on the COVID-19 crisis’ impact on copper and a Chilean industry group forecast a copper surplus of 200,000 tons this year.
Copper MMI: Copper prices show tentative signs of bounce-back
The Copper Monthly Metals Index (MMI) moved up 4.8% this month.
This Morning in Metals: Glencore copper production drops 9%
This morning in metals news, Glencore released its Q1 production results, Fortescue reported a 10% quarterly increase in iron ore shipments and Rusal’s aluminum production fell slightly in Q1 on a month-over-month basis. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
This Morning in Metals: U.S. Steel announces Q1 guidance
This morning in metals news, U.S. Steel unveiled its guidance for the first quarter, Glencore issued its response to the COVID-19 crisis, and gold prices are rising in relative value compared with copper and silver. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
This Morning in Metals: Glencore’s ’19 copper production down 6%, cobalt up 10%
This morning in metals news, miner Glencore released its 2019 production results, the coronavirus fallout continues and U.S. Steel is planning to temporarily close its Gary Works No. 4 blast furnace in April. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
This Morning in Metals: Alcoa to close Point Comfort alumina refinery
This morning in metals news, Alcoa announced the closure of its Point Comfort alumina refinery, Glencore makes an acquisition and Alro Steel will open a new facility in February 2020. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Alcoa to close Point Comfort refinery Alcoa announced […]
Renewables MMI: Cobalt Prices Gain on the Heels of Mutanda Closure News
The Renewables Monthly Metals Index (MMI) fell one point for a November MMI reading of 97. Slowing Cobalt Mine Output According to research group Antaike, global cobalt output growth is expected to slow in 2020, Reuters reported. The report cites Antaike nickel analyst Joy Kong, who said cobalt production is expected to rise by 5,000 tons […]