Miner Glencore reported its Q1 2019 production figures this week, showing own-sourced copper production dipped 7% year over year, while cobalt production surged 56% year over year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore’s copper production totaled 320.7 kt in Q1 2019, while cobalt production reached 10.9 kt. According […]
Tag: Glencore
This Morning in Metals: Steel Capacity Utilization Rate Reaches 81.9%
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 […]
This Morning in Metals: Australian Firm Makes $575M Offer for Glencore Mine
This morning in metals news, Aeris Resources Ltd. has put in a big offer for a Glencore mine in Australia, trade volumes at the Port of Brownsville increased 6.6% in 2018 and one consultancy says U.S. tariffs on aluminum have actually driven Chinese exports of the metal. Need buying strategies for steel? Request your two-month […]
This Morning in Metals: Trump Signs ‘Buy American, Hire American’ Executive Order
This morning in metals news, President Donald Trump signed an executive order Thursday pushing for increased use of domestic materials and labor, miner Glencore released its full-year production results for 2018, and the latest on the deadly dam breach at Vale’s Corrego do Feijao mine. Need buying strategies for steel? Request your two-month free trial […]
Renewables MMI: DRC to Raise Royalty Rate on Cobalt
The Renewables Monthly Metals Index (MMI) picked up a point this month, rising for an MMI reading of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DRC Declares Cobalt ‘Strategic’ Substance The Democratic Republic of the Congo (DRC) — where a majority of the world’s cobalt is mined — declared […]
Glencore Releases Half-Year Production Report
Multinational miner Glencore plc released its half-year production figures Wednesday, showing a ramp-up in copper and cobalt production. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Glencore posted own source production of 696,200 tons of copper in H1, up 8% from H1 2017. Copper production from Glencore’s African operations (Katanga, Mutanda and Mopani) hit […]
This Morning in Metals: Trump Threatens China With Additional $200B in Tariffs
This morning in metals news, President Donald Trump threatened China with an additional $200 billion in tariffs, copper fell to a one-year low and Glencore released a statement regarding the subpoena it received from the U.S. Department of Justice in its corruption probe. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Glencore Finds Itself Under the Department of Justice Microscope
This is not the first time critics have lined up to suggest Glencore is on the ropes, but close to the wind as the trader often sails, the firm will likely find solutions to its current challenges, substantial as they are. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook And let’s […]
Glencore Is Getting Its DRC Affairs in Order
Even Glencore, with all its experience, contacts and resources, is finding the Democratic Republic of the Congo (DRC) a challenging place to do business. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook But this month Glencore has made significant progress in getting its DRC house in order. Firstly, the miner reached […]
Aluminum Prices Drop Sharply This Week After Announcement on Potential Easing of Sanctions
What goes up must come down, goes the old adage. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Although that adage does not always hold true, it has for aluminum this week following a change of tone from Washington. According to the Financial Times, the U.S. Treasury made two important announcements this week, […]