Reports that Panasonic is stepping back from its commitment to develop its Reno, Nevada Gigafactory with Tesla have the note of warning about them suggesting all is not well with Tesla or for sales of its new Model 3 batteries, which the new factory was designed to make, according to TechCrunch. But Tesla blames lowered deliveries […]
Tag: L1
Rusal Makes Post-Sanctions Splash with Investment in U.S. Downstream Production
Call me cynical if you will but Russian aluminum firm Rusal’s announcement, reported in the Financial Times last week, that it intends to invest $200 million for a 40% stake in a new Kentucky aluminum rolling mill — in partnership with privately owned Braidy Industries — has the ring of payback to it. Need buying strategies […]
Can the Chinese Government Keep Steel Production in Check in 2019?
The Chinese government frequently mandates steel production cuts, especially for environmental reasons. But the cuts have also aimed to cut production volume in support of maintaining higher steel prices and, therefore, a healthier domestic industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook A recent goal of cutting 150 million […]
World Steel Association: Steel Demand Expected to Moderate with Slower Overall Growth
Demand for steel is still growing, but it can be expected to moderate in line with overall declines in overall economic growth. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The World Steel Association released its Short Range Outlook (SRO) this week, which forecasts a 1.3% increase in global steel […]
Norsk Hydro to Increase Automotive Aluminum Capacity at Husnes Plant
Norwegian aluminum maker Norsk Hydro has recently been in the news for a cyber attack that brought much of its operations to a halt. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook More recently, however, the company turned to more positive news, announcing plans to upgrade technology at its Husnes plant to produce […]
Could Spot Iron Ore be on Track for $100/Ton?
According to Reuters, spot 62% grade iron ore for delivery to China recently rose 1.6% to $93 per metric ton and the most-traded May 2019 iron ore contract on the Dalian Commodity Exchange soared as much as 4.1% to 710.5 yuan ($106) per ton — the highest for the Asian benchmark since 2013. Need buying […]
Europe Back in the Crosshairs of U.S. Trade Policy
The Trump administration announced this week it was considering the imposition of tariffs on $11 billion worth of European Union imports, said by the Financial Times to include such diverse products as passenger helicopters, Roquefort cheese, olive oil and wines. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The move […]
Global Precious MMI: Subindex Cools on Palladium, Platinum Price Declines
After a scorching six-month uptrend, the Global Precious Monthly Metals Index (MMI) couldn’t get any hotter even as spring officially came around the corner, finally succumbing to a cooldown in April. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The subindex tracking a basket of gold, silver, platinum and palladium […]
Copper MMI: MMI Value Holds at 79 as Supply Concerns Ease
The Copper Monthly Metal Index (MMI) came in again at 79. Nearly all of the prices in the copper basket fell this month, with price declines in the range of 0.3%–1.9%. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what you need LME copper prices moved sideways during the month and oscillated […]
Are LME Cobalt Futures on Track for a Record Volume Year?
Interest in cobalt increased recently as the price fluctuated widely during the past year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One reason for the increased interest comes from the metal’s uses in advanced applications, such as in aerospace and biotech. Interest also surged due to cobalt’s use in […]
