Week in Review: Steel prices; US electricity consumption; rising aluminum premiums

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity…

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Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity...

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This Morning in Metals: Alcoa posts ‘excellent’ first quarter, cites stronger prices

This morning in metals news: Alcoa announced its first quarter financial results; US housing starts surged in March; and General Motors and LG Energy Solution are building a second Ultium battery cell manufacturing plant in the US. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals…

The post This Morning in Metals: Alcoa posts ‘excellent’ first quarter, cites stronger prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: Alcoa announced its first quarter financial results; US housing starts surged in March; and General Motors and LG Energy Solution are building a second Ultium battery cell manufacturing plant in the US. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals...

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Raw Steels MMI: US steel prices keep rising but pace of gains begins to slow

The Raw Steels Monthly Metals Index (MMI) rose by 7.8% for this month’s reading, as steel prices continued to rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. Steel price gains slow As we’ve chronicled in this monthly column, steel prices have been rising consistently since…

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The Raw Steels Monthly Metals Index (MMI) rose by 7.8% for this month’s reading, as steel prices continued to rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. Steel price gains slow As we’ve chronicled in this monthly column, steel prices have been rising consistently since...

The post Raw Steels MMI: US steel prices keep rising but pace of gains begins to slow appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Rio Tinto reaches new financing deal for Oyu Tolgoi

This morning in metals news: miner Rio Tinto announced it had reached a financing plan with Turquoise Hill Resources for the Oyu Tolgoi copper mine in Mongolia; meanwhile, the United States International Trade Commission (USITC) made a countervailing duty ruling on chassis and subassemblies from China; and, lastly, China’s National Bureau of Statistics released Producer…

The post This Morning in Metals: Rio Tinto reaches new financing deal for Oyu Tolgoi appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: miner Rio Tinto announced it had reached a financing plan with Turquoise Hill Resources for the Oyu Tolgoi copper mine in Mongolia; meanwhile, the United States International Trade Commission (USITC) made a countervailing duty ruling on chassis and subassemblies from China; and, lastly, China’s National Bureau of Statistics released Producer...

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Aluminum MMI: Buyers see tight supply, rising physical delivery premiums

The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are…

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The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are...

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Copper MMI: Copper price stabilizes in March

The Copper Monthly Metals Index (MMI) fell by 2.8% for this month’s reading. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled…

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The Copper Monthly Metals Index (MMI) fell by 2.8% for this month’s reading. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled...

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This Morning in Metals: US steel capacity utilization at 77.6%

This morning in metals news: US steel sector capacity utilization fell to 77.6% last week; US import prices rose in March; and the WTI crude price continues to hang steady. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to h…

This morning in metals news: US steel sector capacity utilization fell to 77.6% last week; US import prices rose in March; and the WTI crude price continues to hang steady. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US...

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Indian lithium-ion battery plant to produce synthetic graphite

A development at an Indian lithium-ion battery plant could begin to challenge China’s dominance of the graphite anode market. A lithium-ion battery manufacturing plant in one of India’s southern provinces that came online recently will become the world’s first and only 100% backward-integrated facilities producing synthetic graphite (Syn-G) when fully operational. Sign up today for…

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A development at an Indian lithium-ion battery plant could begin to challenge China’s dominance of the graphite anode market. A lithium-ion battery manufacturing plant in one of India’s southern provinces that came online recently will become the world’s first and only 100% backward-integrated facilities producing synthetic graphite (Syn-G) when fully operational. Sign up today for...

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This Morning in Metals: Norsk Hydro to explore hydrogen facility opportunities

This morning in metals news: Oslo-based Norsk Hydro said it is exploring the potential for developing and operating hydrogen facilities; meanwhile, the Consumer Price Index for All Urban Consumers increased by 0.6% in March; and En+ Group touted its de…

This morning in metals news: Oslo-based Norsk Hydro said it is exploring the potential for developing and operating hydrogen facilities; meanwhile, the Consumer Price Index for All Urban Consumers increased by 0.6% in March; and En+ Group touted its development of a high-purity aluminum. See why technical analysis is a superior forecasting methodology over fundamental...

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Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes

The Stainless Monthly Metals Index (MMI) dropped by 10.4% for this month’s reading, as the ATI strike continues into its third week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues The United Steelworkers union’s strike at nine Allegheny Technologies Inc. (ATI) facilities continues into its third week…

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The Stainless Monthly Metals Index (MMI) dropped by 10.4% for this month’s reading, as the ATI strike continues into its third week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues The United Steelworkers union’s strike at nine Allegheny Technologies Inc. (ATI) facilities continues into its third week...

The post Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.