It wasn’t long after President Donald Trump’s tariffs announcement was made that battle lines started to be drawn. Section 232 buying strategies – grab your copy of MetalMiner’s Section 232 Investigation Impact Report for only $74.99! President Donald Trump has spoken to world leaders about his planned tariffs on steel and aluminum. According to Reuters, […]
Tag: L9
Protests Arise as Indian Supreme Court Cancels Iron Ore Mining Permits in Goa
It seems all too familiar — one step ahead, two steps back. The cancelation by India’s top court, the Supreme Court, of all iron ore mining permits in Goa, one of the country’s top producing provinces for this raw material, has led to concerns being raised in industry and and economic circles of the country […]
Interior Department Seeks Public Comment on Draft List of Critical Minerals
Earlier this month, the U.S. Department of the Interior announced that it is seeking public comment on a recently released draft list of minerals “considered critical to the economic and national security of the United States.” Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook An executive order from President Trump in December directed […]
Glencore Releases Preliminary 2017 Financial Numbers
Last week, multinational miner Glencore announced its 2017 preliminary earnings results. “Our performance in 2017 was our strongest on record, driven by our leading Marketing and Industrial asset businesses,” CEO Ivan Glasenberg said in a release. Glencore reported an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $14.8 billion, up 44% from 2016. In […]
Norsk Hydro Bids for Rio Tinto’s Iceland Aluminum Plant
Norwegian firm Norsk Hydro announced Monday that it had put in a bid for Rio Tinto‘s aluminum plant in Iceland, according to a company release. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “We see great potential in exchanging competence and technology elements between our aluminium plants,” said Hilde Merete Aasheim, head of […]
Oleg Deripaska Plans to Relinquish Control of Rusal, En+ Group
The British TV drama “McMafia” may not have reached U.S. shores yet, but viewers in the U.K. have been absorbed in the machinations of a fictional Russian family — with the ironic name of the Godmans — whose mafia past in Moscow catches up with them in their new lives in London. Buying Aluminum in […]
USITC Says Carbon and Alloy Wire Rod Imports from South Africa, Ukraine Harm Domestic Industry
While the Department of Commerce’s release of its Section 232 report on steel and aluminum stole most of the headlines last Friday, the United States International Trade Commission (USITC) voted that imports of carbon and alloy steel wire rod from South Africa and Ukraine pose harm to domestic industry. According to the USITC release, the […]
Breaking Down Section 232 Aluminum, Part 3: The Impact on U.S. Production
(Editor’s Note: In case you missed the previous installments of this series, check out Part 1 and Part 2.) What About the Impact on U.S. Production? First, the recommendations from the Department of Commerce apply to both primary (or upstream) and downstream production. The upstream production refers to unwrought production, while downstream production consists of […]
The Relationship Between CBOE’S Volatility Index and Industrial Metals
A recent article in Crain’s examining an alleged manpulation of the VIX, otherwise known as the Volatility Index, prompted MetalMiner to take a deeper look at the relationship between the index, commodities and industrial metals. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As a reminder to readers, trading activity and the […]
Is Aluminum Not as Strong as it Should Be?
You may be excused for wondering quite what is happening to the aluminum price. Base metals have continued in a robust rally since the recent volatility knocked prices sideways along with equities and the associated havoc in the bond market. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But having fallen, aluminum prices […]
