The Automotive Monthly Metals Index (MMI) fell 2.1% this month, down to an MMI reading of 94 for November. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales It’s quarterly earnings reports season once again. Last week, General Motors reported its third-quarter earnings, posting third-quarter revenue of $38.5 billion, up 6.4% […]
Tag: L1
The U.S. Dollar is in the Driver’s Seat for Commodities
October was the worst since 2012 for world stocks, one that casts doubt on the decade-long bull market for equities, according to the Financial Times, and by extension the fate of metal prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Although China’s CSI 300 closed up 1.4% this week, […]
Chinese Ambassador Appeals to ‘Better Angels’ in Ongoing U.S.-China Trade Row
As the prospect of an additional $257 billion in tariffs on Chinese goods looms, China’s ambassador to the U.S. said the countries should look to their “better angels” to guide them toward a resolution of their trade dispute, the state-run Xinhua News Agency reported. Need buying strategies for steel? Request your two-month free trial of […]
Alunorte Alumina Refinery’s Prospects Are Improving
Brazil’s Institute of Environment and Renewable Natural Resources, known as IBAMA, has lifted the embargo on Norsk Hydro’s Alunorte alumina refinery, several headlines are saying, encouraging many to think full production of alumina will start flowing from Hydro’s massive plant in the near future. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook But while it […]
EUROFER: E.U. Steel Markets Stabilizing But Facing Numerous Challenges
Growth is stabilizing in E.U. steel markets, according to the director general of the European Steel Association (EUROFER), but the sector nonetheless faces challenges, including trade barriers and high import levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Growth is stabilising in EU steel markets, in line with expectations,” […]
September Global Crude Steel Production Up 4.4% Year Over Year
Global crude steel production in September rose 4.4% compared with production in September 2017, according to the World Steel Association’s monthly production report. The percent change represents an increase from the previous month, when August production rose 2.7% compared with August 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Ford Shares Surge After 3Q Earnings Release
Ford Motor Co. released its Q3 financial results on Wednesday, two days after President of Global Operations Joe Hinrichs said the U.S.’s tariff on steel have made U.S. steel more expensive than steel from anywhere else in the world. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The automaker posted […]
India Grapples with Repercussions of U.S. Metals Tariffs
The ripples continue to spread across the pond of international trade from President Trump’s steel and aluminum tariffs. In a recent post from India reported in Aluminium Insider, an analysis of the scrap, primary and downstream semi-finished metals trades into and out of India reveal how economies on the other side of the globe are grappling […]
Palladium Price Continues to Soar
With just over two months left in the calendar year, one can look back and see what a bumpy road it has been for some metals. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Not so for palladium. The platinum-group metal (PGM) hit a record high Tuesday, Reuters reported, on account of tight […]
Rome Goes to War with Brussels
Readers in North America can be excused for puzzling why Europeans worry overly about the so-called “Eurozone crisis.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook They seem to come around periodically. There is a great deal of noise and some volatility in the stock markets, but eventually — whether […]
