In October last year, the British government thought it had found a savior for the loss-making British Steel that would in the process save some 5,000 jobs. Request a 30-minute demo of the MetalMiner Insights platform now. Chinese conglomerate Jingye Group agreed to buy British Steel in a £50 million rescue deal and promised a […]
Tag: L1
Copper prices give up their gains as world monitors coronavirus impact
As my colleague, Fouad Egbaria reported earlier this week, copper prices have been on a slide. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo Reuters also reported this week that copper on the LME traded down 0.1% at $5,634 a ton in official […]
Following Senate approval, Trump signs USMCA Implementation Act
As expected, U.S. President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) Implementation Act on Wednesday, moving the trilateral trade deal a step closer toward replacing the 1994 North American Free Trade Agreement (NAFTA). “And today, we’re finally ending the NAFTA nightmare and signing into law the brand-new U.S.-Mexico-Canada Agreement,” Trump said during the signing […]
Aluminum price struggles to gain traction amid production restarts, ramp-ups
Analysts are finding it hard to get a handle on what lies ahead for 2020 aluminum prices. On the one hand, some well-respected sources, like Capital Economics, are suggesting in a recent report that prices will rise by year-end on the back of stronger demand, despite a return to production of temporarily shuttered production in […]
GM to invest $2.2B to manufacture EVs at Detroit-Hamtramck assembly
General Motors announced this week it would take another step towards electrification by investing $2.2 billion in its Detroit-Hamtramck assembly, which will be the automaker’s first plant devoted 100% to the production of electric vehicles (EVs). Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The automaker […]
Coronavirus likely to impact steel, iron ore demand in 2020
Another victim of China’s coronavirus epidemic could well be the iron ore price. Iron ore had a stellar 2019, reaching a five-year high of $125 per ton in July on the back of Vale SA’s Brumadinho mining dam disaster and Cyclone Veronica, which struck Western Australia in March. Looking for metal price forecasting and data […]
Europe’s Green Deal will come at a cost for several industries, trading partners
Heard of Europe’s Green Deal? No? That may not be surprising, as it was only announced last month. While it sounds like the latest fruit and veg special offer at your local supermarket, it is likely to be one of the most profound policy changes to hit Europe since the formation of the Common Agricultural […]
Global aluminum production picks up in December; China’s ’19 output down from ’18
Global aluminum production ticked up in December 2019 to 5.44 million tons, up from 5.26 million in November 2019, according to recent data from the International Aluminum Institute. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! However, December 2019 production was down slightly from December 2018, […]
India’s solar sector reaches milestone but faces import pressures
The Indian solar energy story marked a new milestone after India topped the Asia Pacific Region (APAC) for solar photovoltaic (PV) tenders in December 2019. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to analytics company GlobalData, with 49% tenders announced and a 75.4% share, […]
IMF revises global growth projections downward for 2019-2021
Despite noting some positive developments, the International Monetary Fund (IMF), downgraded its growth projections for 2019-2021, citing a number of pressures ranging from climate change to geopolitical tensions to extant trade tensions. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In its January 2020 World Economic […]