This morning in metals news, Chinese steel and iron ore prices dropped, miner BHP’s first-half earnings fell 8% and the ongoing shutdown of Vedanta’s Sterlite Copper plant has boosted copper prices led to increased dependence on imports for Indian consumers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Post-Holiday Lull […]
Tag: Iron Ore
This Morning in Metals: Copper Price Makes Gains
This morning in metals news, the copper price picks up, the Bureau of Labor Statistics released Consumer Price Index (CPI) data and the National Australia Bank lifted its forecast for iron ore. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Rises The London copper price picked up Wednesday, […]
This Morning in Metals: ‘Much Work Remains’ in U.S.-China Trade Talks
This morning in metals news, the White House released a statement about the recent round of trade talks with China, Zambia plans to enforce a copper import tax and Australian miner Fortescue says the impact of a dam breach at one of Vale’s Brazilian iron ore mines remains unclear. Need buying strategies for steel? Request […]
This Morning in Metals: Iron Ore Buyers Could Look to Australia After Vale Disaster
This morning in metals news, buyers are turning to Australia after a dam breach at one of Vale’s Brazilian iron ore operations, U.S. Sen. Chuck Grassley (R-Iowa) said the Trump administration should lift its Section 232 tariffs before the United States-Mexico-Canada Agreement (USMCA) is ratified and U.S.-China trade talks are set to resume this week. […]
This Morning in Metals: Anglo American Reports 4Q 2018 Production Figures
This morning in metals news, miner Anglo American reported fourth-quarter 2018 production numbers, Freeport-McMoran also reported production numbers and Dalian iron ore rises. Anglo American Copper Production Rises 23% Miner Anglo American’s copper production in the final quarter of 2018 was up 23%, to 183,500 tons, from the same period in 2017. Need buying strategies for […]
BHP Announces Production Figures for Second Half of 2018
Miner BHP unveiled its production totals for the second half of 2018, reporting a negative impact of approximately $600 million due to unplanned outages at Olympic Dam, Spence and Western Australia Iron Ore. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Production in the first half was broadly in line with […]
This Morning in Metals: China’s Daily Crude Steel Output Fell in December
This morning in metals news, China’s daily crude steel output slipped in December, miner Rio Tinto reported its fourth-quarter production results and Luxembourg-based Tenaris purchased a large stake in the Saudi Steel Pipe Company. Steel Output Slides China’s daily steel output for December fell to its lowest level since March, according to Reuters. Need buying […]
This Morning in Metals: Chinese Iron Ore Futures Surge
This morning in metals news, Chinese iron ore futures hit their highest price point in 10 months, Turkey’s steel sector takes another hit, and copper and zinc hit their 2019 highs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises Is optimism building vis-a-vis a potential resolution to […]
This Morning in Metals: Alcoa Reports 4Q, Full-Year 2018 Results
This morning in metals news, aluminum producer Alcoa Corporation reported its fourth-quarter and full-year 2018 results, India is considering a higher iron ore import duty and Shanghai steel futures moved up. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Alcoa Reports 4Q Earnings Pittsburgh-based aluminum producer Alcoa Corporation reported its […]
Rio Tinto Deploys Autonomous Train Network at Iron Ore Operations
Miner Rio Tinto has deployed what it hails as the “first automated heavy-haul, long distance rail network.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The rail network is guided by what is billed as the world’s largest robot, called AutoHaul. “The safe and successful deployment of AutoHaul™ across our […]
