News reports indicate India is set to become a net exporter of steel to China but will be surpassed by Indonesia as the world’s second-largest stainless steel producer. A new report by a financial credit rating company has forecast that going by current trends, India would turn net exporter of steel to China in this […]
Tag: Indonesia
Copper MMI: Copper prices consolidate after October spike
The Copper Monthly Metals Index (MMI) held flat for this month’s reading. After the mid-October spike, copper prices have begun to consolidate. Any bullish technical patterns are at risk of invalidation, as prices appear to trade consistently lower. Additionally, its failure to break out of any bullish structures within smaller time frames suggests a weakness […]
Tin prices gain momentum as Indonesia mulls tin, copper export bans
Two years ago, Indonesia instituted a ban on nickel ore exports. Now, it is contemplating banning exports of tin and copper ore, too. You want more MetalMiner on your terms. Sign up for weekly email updates here. Indonesia export bans prompt tin price surge Indonesian President Joko Widodo has been announcing from different forums that […]
This Morning in Metals: European Commission slaps duties on stainless steel products from India, Indonesia
This morning in metals news: the European Commission this week announced anti-dumping duties for stainless steel cold-rolled flat products from India and Indonesia; the Energy Information Administration forecast crude oil prices will decline in 2022; and, lastly, U.S. housing starts declined in October. Stay up to date on MetalMiner with weekly updates – without the […]
This Morning in Metals: US steel capacity utilization dips slightly to 79.0%
This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a […]
What goes up must (eventually) come down — does the old saying apply to nickel prices?
Up to this week, the nickel bull story had been roaring along. Talk of metal shortages and runaway electric vehicle (EV) and hybrid battery demand have supported that story. But one announcement has seen that bull run hit a brick wall. Grab your coffee and hear MetalMiner’s latest forecast for aluminum, copper, stainless and carbon […]
Stainless MMI: Index down as weak demand impacts global prices
The Stainless Steel Monthly Metals Index (MMI) declined by three points this month to 67, following a five-point decline last month. LME nickel prices continued to slide as global markets reacted to production delays due to coronavirus, which weakened demand and prices.
This Morning in Metals: Turkey’s Cengiz eyes Jingye’s British Steel takeover bid
This morning in metals news, a Turkish conglomerate is reportedly ready to step into the British Steel process if Jingye Group’s takeover effort falls apart, copper prices fell to a two-week low and an Indonesian company aims to augment its aluminum production. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
Indonesia Moves Up Nickel Ore Export Ban to Start of 2020
Indonesia shook up the nickel market, announcing that it will move up its planned nickel ore export ban by two years. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Indonesia announced that its export ban on nickel ore will be advanced to Jan. 1, 2020 — two years ahead of […]
Indonesia’s Export Ban Update Drives Nickel Price Rise
After drifting off from a spring high, the nickel price has flatlined in the second quarter (along with much of the rest of the metals complex). However, the metal has put in a surprisingly strong performance in just the last week due to Indonesia’s announced export ban spooking market concerns about supply, according to the Financial Times. […]
