As the impact of the coronavirus outbreak began to be felt in latter half of January and into February, the total scope of the health crisis and its ramifications for economies around the world remains to be seen. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request […]
Tag: L1
Oil demand is weakening — and with it, the oil price
Oil producers and the OPEC+ group, in particular, are feeling the impact of the coronavirus (Covid-19), much like the metals sector. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo OPEC has been struggling to keep the market in balance for the last few […]
European Council gives green light to begin talks over post-Brexit trade relationship
After over three years of drama on the heels of its historic Brexit referendum, the U.K. officially withdrew from the E.U. at the end of January. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! For now, not much has changed. The U.K. remains in a transitional […]
China’s aluminum supply chain trauma on the heels of the coronavirus outbreak
A recent article by respected Reuters columnist Andy Home reports on the impact of the coronavirus, COVID-19, on the supply-demand balance in China, the world’s largest consumer and producer of aluminum, and the ramifications steps taken to contain the virus could have for the market. Request a 30-minute demo of the MetalMiner Insights platform now. […]
ICSG: Copper deficit at 385K tons through first 11 months of 2019
According to the International Copper Study Group, the global copper market was in deficit by approximately 385,000 tons through the first 11 months of 2019. Generate hard savings on your metal buys year-round; trial MetalMiner’s monthly outlook report The LME three-month copper price built some upward momentum in late 2019 and the first two weeks […]
Federal Reserve: Industrial production drops 0.3% in January
According to the Federal Reserve, U.S. industrial production fell 0.3% in January as “unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft.” “The major market groups posted mixed results in January,” The Fed reported. “The output of business equipment declined 2.6 percent as a […]
China’s growing domination of base metals continues
A recent Reuters article suggests China’s domination of the base metals market was marching on relentlessly prior to the coronavirus outbreak. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. The headline, “China’s copper imports and aluminium consumption to drop again in 2020,” suggested […]
GFG Alliance ventures into the Indian steel market with pair of acquisitions
There were two major developments in the Indian steel sector this week. Request a 30-minute demo of the MetalMiner Insights platform now. Indian-born British businessman Sanjeev Gupta’s GFG Alliance made its first foray into the Indian market. It completed the strategic acquisition of two mills, Adhunik Metaliks Ltd and Zion Steel, in an approximately U.S. […]
Iron ore pushes higher despite sluggish steel demand, coronavirus measures
On the face of it, there appears to be a disconnect between the state of China’s steel market and the price of seaborne iron ore. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
China’s steel industry likely to see cutbacks as stocks rise amid coronavirus crisis
Not surprisingly, the steel sector in China is one of many going through acute uncertainty at the moment over fears the coronavirus spreading from Wuhan is still not under control. As a result, it is becoming increasingly apparent steel demand is going to be down for some time to come. MetalMiner’s monthly buying outlook reports […]
