The International Copper Study Group (ICSG) recently reported world copper mine production fell 1.8% through the first two months of the year, per preliminary data. The global copper market was in surplus by 40,000 tons in the first two months of the year, the ICSG reported. Need buying strategies for steel? Request your two-month free trial […]
Tag: L1
India’s Hindustan Copper Aims to Expand Ore Production
One of India’s largest miners, Hindustan Copper Ltd., is looking to grow in ore production by 25% to 5.15 million tons in fiscal year 2019-2020. The company has set a revenue from operations target of approximately U.S. $286 million, with a capital expenditures of about U.S. $86 million, mostly for mine expansions. Need buying strategies […]
April Global Steel Production Rises 6.4% Year Over Year
Global crude steel production continues to rise, in April increasing 6.4% on a year-over-year basis, according to the World Steel Association. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the World Steel Association’s monthly global crude steel production report, the 64 countries reporting to the association produced a […]
Taking a Closer Look at the Platinum-Palladium Price Spread
In spite of their status as precious metals, the automotive industry accounts for a high percentage of platinum and palladium demand annually, making the pair essentially industrial metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Given that a high percentage of demand generated from the automotive industry relates to […]
Alunorte’s Restart Does Not Bode Well for Aluminum Prices
According to the Financial Times, Norsk Hydro’s giant Alunorte refinery in Brazil has been given approval to restart production by the Brazilian authorities. The announcement caught the market by surprise, coming some months earlier than had been expected. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The restart is a boost for Hydro, […]
A Memorial Day Review of the Top 10 Most-Viewed Posts of 2019 (So Far)
The first five months of 2019 have been quite busy ones for the world of metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year. Unsurprisingly, steel and aluminum dominated the list. […]
What’s Next for British Steel, Britain’s Second-Largest Steelmaker, After Liquidation?
The British government did not find common ground with private equity owners Greybull Capital and Britain’s second-biggest steelmaker, British Steel, went into insolvency this week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As we wrote earlier this week, Greybull has blamed Brexit uncertainty for the double whammy of falling […]
India in Wait-and-See Mode on U.S.-China Trade Developments
The tariff war between the United States and China is being watched with trepidation in India. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook There’s no unanimous view yet on the fallout of the tariffs with respect India. Most in India are in a wait-and-see mode as things unfold. Overall, […]
U.S. Puts the Squeeze on Iranian Metals Industry
Not content with putting the squeeze on Iran’s oil industry, President Donald Trump signed a new executive order last week extending existing sanctions to include Iran’s metal industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the Financial Times, much of Iran’s non-oil income comes from metal exports, […]
April Housing Starts Rise from Previous Month but Fall 2.5% Year Over Year
According to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban Development, U.S. housing starts in April fell 2.5% compared with April 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook However, April starts ticked up 5.7% from the previous month. April housing […]
