Not long ago, we mentioned that copper prices had been plunging of late — but the so-called “Dr. Copper” isn’t the only one on hard times. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Zinc has also been trending down this year. LME primary cash zinc opened the calendar year at […]
Tag: LME
This Morning in Metals: Energy Companies Seek Steel Tariff Exemptions
This morning in metals news, energy companies are lobbying for exemptions from the U.S. steel tariff, U.S. steel exports dropped in April compared with the previous month, and steel and iron ore prices fell by the greatest amount since March. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Asking for Exemptions […]
A May Review: Metals Prices Show Less Volatility After Wobbly April
After the instability in the industrial metals complex in April, May closed with an overall increase in metal prices. However, the increases are, in general, less sharp and less volatile than last month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum, Copper and Nickel The three main metals have seen […]
This Morning in Metals: Copper Rises For Second Straight Day
This morning in metals news, copper was up again Thursday, the impact of the Trump administration’s steel tariffs on the can business and hearings on the Trump administration’s proposed tariffs on Chinese goods will be extended. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Copper Price Gains Momentum The LME copper […]
This Morning in Metals: Temporary Section 232 Tariff Exemptions Extended
This morning in metals news, several countries received good news ahead of the midnight deadline for the expiration of Section 232 tariff exemptions, Canada argues the steel tariff would hurt American jobs and LME copper falls to a three-week low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Countries Breathe a […]
Aluminum Consumers Pose a Not-Unreasonable Question: How High Can Prices Go?
Higher is the simple answer. The world with the exception of China was in deficit before U.S. sanctions against Oleg Derispaska and his aluminum company Rusal. So when the three million tons of primary metal Rusal exports outside of Russia are taken out of a market already worried by the recent partial closure of Norsk […]
This Morning in Metals: Aluminum Prices Rally, EU Challenges U.S. Section 232 Tariffs
This morning in metals news, aluminum prices have risen to a seven-year-high following the London Metal Exchange’s ban on Rusal metal, the EU pushes back against the U.S.’s steel and aluminum tariffs, and renewable energy takes center stage among major U.S. companies. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A […]
This Morning in Metals: Oil, Gold Prices Dip, NAFTA Talks to Accelerate
This morning in metals news, oil and gold prices opened slightly lower despite the missile attacks on Syria that took place early Saturday morning local time. NAFTA renegotiation talks speed up in face of Mexico’s upcoming presidential election. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Oil, Gold Traded Lower Following […]
LME, SHFE Copper Prices Trend Down in March
Last year, the metal affectionately dubbed “Dr. Copper” — essentially, for its role as a general indicator of economic health — saw its price soar. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook This year? Not so much. The metal climbed above $7,200/metric ton on the LME in December, but has […]
This Morning in Metals: Copper Rises as Dollar Falls
This morning in metals news: copper jumped as the dollar continued its slide; ArcelorMittal saw its core profits grow significantly in 2017, leading to a resumption in dividend payments; and the London Metal Exchange has a new chief operating officer. Copper Jumps Ahead of Fed Announcement Copper jumped 1% on Wednesday, according to reuters.com, ahead […]
