Industry groups testified before the U.S. International Trade Commission (USITC) late last week on the United States-Mexico-Canada Agreement (USMCA) and its potential impact on the U.S. economy and industry sectors. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The Aluminum Association was one of the groups to comment, particularly focusing on the Section […]
Tag: L1
Oil Price Slide Potentially Bearish for Aluminum, Other Energy-Intensive Metals
We should state from the outset that it’s not that energy costs are directly dependent on the oil price — very little electricity generation around the world, Saudi Arabia being an exception, is generated from crude oil. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook But with power making up […]
Ford’s October Sales in China Reflect Cooling Demand in the Country
Amid rising trade tensions this year, automotive sales in China have been trending downward, a point emphasized by Ford Motor Co.’s recently released China sales figures for October. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Detroit automaker on Tuesday released its October sales numbers for the Chinese market, […]
Tata Steel Aims to Unify Brand Ahead of Long-Term Capacity Goals
Much is happening at Tata Steel. To begin with, the Indian steel conglomerate announced it was looking at increasing its installed capacity from the present 18.5 million tons (MT) per annum to 30 MT by 2025. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In the near term, Tata wants […]
Stainless MMI: LME Nickel Prices, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) fell in November. The index moved back towards September 2017 levels (when it hit 67 points). The current index stands at 68 points. The drop came as a result of lower LME nickel prices and lower U.S. stainless steel surcharges. Need buying strategies for steel? Request your two-month […]
Aluminum MMI: Prices Fall After Supply Concerns Ease
The November Aluminum Monthly Metals Index (MMI) fell this month back to June 2017 levels, before MetalMiner called a bull market for aluminum. The current Aluminum MMI index stands at 88 points, three points lower than last month’s reading. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook LME aluminum prices fell in October. […]
Conflict Gold Could Be Entering the U.S. Market Via Major Companies
We’ve touched on conflict materials in this space before, typically in reference to cobalt. A majority of the world’s cobalt is mined in the Democratic Republic of the Congo, where conditions at so-called artisanal mines (i.e., small-scale mines) are sub-standard, according to reports by a variety of NGOs. Among the concerns at these mines includes […]
Copper MMI: Lower LME Copper Prices Drive Subindex Drop
In November, the Copper Monthly Metals Index (MMI) fell three points. The index fell back to September levels, driven by lower LME copper prices. The current Copper MMI stands at 74 points. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices traded lower in October. LME copper prices […]
Rare Earths MMI: China Denies Reports of Rare Earth Output Cuts
The Rare Earths Monthly Metals Index (MMI) held flat this month, again hitting an MMI reading of 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Denies Report it is Limiting Rare Earth Output China’s dominance in the rare earths sector is well-documented. The country’s sway in the market is […]
Construction MMI: U.S. Construction Spending Flat in September
The Construction Monthly Metals Index (MMI) dropped one point this month, down to a November MMI reading of 89. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending The U.S. Census Bureau released data late last week on construction spending for September, showing spending held flat from the previous […]
