This morning in metals news, the U.S. steel sector churned out 1.90 million tons of steel during the week ending Feb. 8, a U.S. Steel electric arc furnace is near completion and miner Rio Tinto says the coronavirus in China has impacted copper ore flows. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s […]
Tag: Rio Tinto
Aluminum price struggles to gain traction amid production restarts, ramp-ups
Analysts are finding it hard to get a handle on what lies ahead for 2020 aluminum prices. On the one hand, some well-respected sources, like Capital Economics, are suggesting in a recent report that prices will rise by year-end on the back of stronger demand, despite a return to production of temporarily shuttered production in […]
This Morning in Metals: Rio Tinto releases Q4 production results
This morning in metals, miner Rio Tinto recently released its Q4 production results, China unveiled new copper scrap and aluminum scrap regulations, and China’s Jingye Group has called on consultants to help strengthen its case for its British Steel takeover plans. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
This Morning in Metals: Ford’s China sales fall 26% in 2019
This morning in metals news, 2019 proved to be a down year for Ford Motor Company’s sales in China, Norsk Hydro plans to ramp up production of recycled aluminum this year and Rio Tinto awarded an A$400 million contract for the design of a new mine in Australia’s Pilbara. Looking for metal price forecasting and […]
Aluminum MMI: Index bounces back after last month’s three-year low
The Aluminum Monthly Metals Index (MMI) bounced off last month’s three-year low with a three-point increase to 86. All prices in the index increased by more than 3%. LME aluminum prices increased in December and surpassed $1,830/mt in early January. Now analysts are watching to see if lackluster demand will allow recent increases to stick.
This Morning in Metals: U.S. raw steel production up 1.9% in 2019
This morning in metals news, U.S. raw steel production in 2019 increased 1.9% over 2018, Rio Tinto announced the restart of operations at its Richards Bay Minerals operation in South Africa and the U.S. Department of Commerce made an affirmative preliminary antidumping duty determination related to collated steel staples from China.
Rio Tinto’s Pacific operations gain ASI certifications
More and more companies are touting their newly acquired “green” bona fides in a world that is becoming increasingly conscious of climate change. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! With the 2015 Paris climate accord and other government initiatives targeting reduction of emissions, companies […]
This Morning in Metals: Markets eye tariff deadline, Fed’s rate decision
This morning in metals news, markets are anxiously eyeing Sunday’s U.S.-China tariff deadline, The Mongolian parliament passed a resolution relating to the Oyu Tolgoi mine (majority-owned by Rio Tinto) and United States Trade Representative (USTR) Robert Lighthizer weighed in on yesterday’s United States-Mexico-Canada Agreement (USMCA) news. Looking for metal price forecasting and data analysis in […]
Copper MMI: Uncertain Demand Outlook Holds Back Index Gains
The Copper Monthly Metals Index (MMI) held at last month’s value of 73 based on November price data. LME copper prices took a sideways turn during November as uncertainty over the strength of the global economy continued to constrain copper prices. Source: MetalMiner analysis of London Metal Exchange (LME) and FastMarkets. The price continued to […]
This Morning in Metals: Automakers Await Trump’s Section 232 Auto Tariff Decision
This morning in metals news, the world is waiting on the Trump administration’s Section 232 auto tariff decision, an Indian Supreme Court ruling opens the door for ArcelorMittal to finally acquire the bankrupt Essar Steel and Rio Tinto plans to raise funds for the rehabilitation of the Ranger uranium mine in Australia. Need buying strategies […]
