The Renewables Monthly Metals Index (MMI) held flat for this month’s MMI value. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) Want more metals analysis in your inbox? Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Chinese firm to pause purchasing from two Congo artisanal mines […]
Tag: L1
Iron ore price proving resilient despite slow global recovery
Seaborne iron ore prices have remained stubbornly high. Chinese demand and a stronger-than-expected Chinese recovery from the first-quarter lockdowns are driving prices. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Recovering demand Demand collapsed in Q1 during the lockdown but has recovered rapidly in Q2, originally for flat-rolled products […]
Rare Earths MMI: Pentagon forges ahead with Lynas, MP Materials projects
The Rare Earths Monthly Metals Index (MMI) posted no change from last month’s MMI reading. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates now. Pentagon moves ahead with rare earths projects After awarding Phase 1 contracts to Lynas Corporation and MP Materials in April, the Department of Defense (DoD) opted […]
Copper MMI: Copper prices trend sideways
The Copper Monthly Metals Index (MMI) increased 5.4% for this month’s MMI reading. LME copper prices increased through the first half of July and have traded sideways since mid-July. However, the price remains well above $6,000/mt. Chinese demand remains strong and market sentiment remains positive. Want an occasional email from MetalMiner that highlights new content […]
Shipping services continue to see disruption and rate increases
Shipping freight rates continue to rise despite disruptions.
Automotive MMI: Ford CEO to retire; GM to add EV charging stations
In this month’s Automotive Monthly Metals Index (MMI) report: Ford CEO Jim Hackett will retire, the company announced this week; General Motors has plans to add more than 2,700 electric vehicle charging stations across the U.S.; and U.S. sales continue to show signs of recovery, but July sales remained down compared with a year ago. […]
U.S. steel capacity utilization inches closer to 60%
The U.S. steel sector’s steel capacity utilization rate has continued to inch upward in recent months, rising to 59.3% for the week ending Aug. 1.
Aluminum is having a strong recovery in China
Aluminum does appear to be having a surprisingly strong post-pandemic recovery — in China, at least.
U.S. aims to break rare earths dependence on China with Lynas project
The U.S. took a big step forward in its effort to curb its dependence on China for rare earths.
Don Hauser: Five things to watch out for heading into steel contracting season
This has been a volatile year for global markets, with already slowing economic growth compounded by the destructive impact of the coronavirus pandemic.
