Author: Fouad Egbaria

Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and…

The post Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and...

The post Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: U.S. Steel expects Q3 to be ‘quarter of records’

This morning in metals news: U.S. Steel released its third-quarter guidance yesterday; U.S. petroleum exports just edged out imports in the first half of the year; and, lastly, unemployment rates fell in 15 U.S. states in August. You want more MetalMiner on your terms. Sign up for weekly email updates here. U.S. Steel releases Q3…

The post This Morning in Metals: U.S. Steel expects Q3 to be ‘quarter of records’ appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: U.S. Steel released its third-quarter guidance yesterday; U.S. petroleum exports just edged out imports in the first half of the year; and, lastly, unemployment rates fell in 15 U.S. states in August. You want more MetalMiner on your terms. Sign up for weekly email updates here. U.S. Steel releases Q3...

The post This Morning in Metals: U.S. Steel expects Q3 to be ‘quarter of records’ appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel

The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give…

The post Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give...

The post Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: US import prices decline by 0.4% in August

This morning in metals news: U.S. import prices declined by 0.4% in August; the Energy Information Administration surveyed the disruption to electricity customers as a result of Hurricane Ida; and, lastly, the European Steel Association commented on the European Union’s proposed Green Deal. Stay up to date on MetalMiner with weekly updates – without the…

The post This Morning in Metals: US import prices decline by 0.4% in August appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: U.S. import prices declined by 0.4% in August; the Energy Information Administration surveyed the disruption to electricity customers as a result of Hurricane Ida; and, lastly, the European Steel Association commented on the European Union’s proposed Green Deal. Stay up to date on MetalMiner with weekly updates – without the...

The post This Morning in Metals: US import prices decline by 0.4% in August appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Global Precious MMI: Gold price bounces back in second half of August as dollar weakens

The Global Precious Monthly Metals Index (MMI) fell by 4.2% for this month’s reading, as the gold price took losses early in the month before bouncing back. More MetalMiner is available on LinkedIn. Gold price recovers The gold price bounced back after falling to around $1,730 per ounce in early August. From there, the U.S. gold…

The post Global Precious MMI: Gold price bounces back in second half of August as dollar weakens appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Global Precious Monthly Metals Index (MMI) fell by 4.2% for this month’s reading, as the gold price took losses early in the month before bouncing back. More MetalMiner is available on LinkedIn. Gold price recovers The gold price bounced back after falling to around $1,730 per ounce in early August. From there, the U.S. gold...

The post Global Precious MMI: Gold price bounces back in second half of August as dollar weakens appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Rare Earths MMI: Lynas Malaysia rare earths processing plant continues to operate at reduced rates

The Rare Earths Monthly Metals Index (MMI) dropped 8.5% for this month’s reading.   Want MetalMiner directly in your inbox? Sign up for weekly updates now. Lynas updates on Malaysian operations Lynas Rare Earths Ltd. last month offered on update on its processing operations in Malaysia. The plant is operating at reduced rates due to the…

The post Rare Earths MMI: Lynas Malaysia rare earths processing plant continues to operate at reduced rates appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Rare Earths Monthly Metals Index (MMI) dropped 8.5% for this month’s reading.   Want MetalMiner directly in your inbox? Sign up for weekly updates now. Lynas updates on Malaysian operations Lynas Rare Earths Ltd. last month offered on update on its processing operations in Malaysia. The plant is operating at reduced rates due to the...

The post Rare Earths MMI: Lynas Malaysia rare earths processing plant continues to operate at reduced rates appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Construction MMI: Construction spending ticks up, ABI shows growth

The Construction Monthly Metals Index (MMI) picked up by 4.9% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. US construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,568.8 billion in July, the Census Bureau reported earlier this month. The July rate marked…

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The Construction Monthly Metals Index (MMI) picked up by 4.9% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. US construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,568.8 billion in July, the Census Bureau reported earlier this month. The July rate marked...

The post Construction MMI: Construction spending ticks up, ABI shows growth appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Steel capacity utilization rises; Hydro inks energy deal; aluminum prices skyrocket

This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises…

The post This Morning in Metals: Steel capacity utilization rises; Hydro inks energy deal; aluminum prices skyrocket appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises...

The post This Morning in Metals: Steel capacity utilization rises; Hydro inks energy deal; aluminum prices skyrocket appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Global aluminum production jumps in July

This morning in metals news: global aluminum production picked up in July; the WTI crude price continues to hover around $70 per barrel; and, lastly, the Producer Price Index for final demand increased by 0.7% in August. Want MetalMiner directly in you…

This morning in metals news: global aluminum production picked up in July; the WTI crude price continues to hover around $70 per barrel; and, lastly, the Producer Price Index for final demand increased by 0.7% in August. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Aluminum production increases in July Global...

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This Morning in Metals: Steel capacity utilization hits 84.5%

This morning in metals news: U.S. steel capacity utilization dropped slightly last week; the number of drilled but uncompleted oil wells in the U.S. declined in July; and, lastly, the construction sector shed 3,000 jobs in August. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. …

The post This Morning in Metals: Steel capacity utilization hits 84.5% appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: U.S. steel capacity utilization dropped slightly last week; the number of drilled but uncompleted oil wells in the U.S. declined in July; and, lastly, the construction sector shed 3,000 jobs in August. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. ...

The post This Morning in Metals: Steel capacity utilization hits 84.5% appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.