US will release 50 million barrels of oil from its strategic reserves — will it affect prices?

Well, so far, the simple answer to the question posed in the headline is “no.” On Tuesday, the White House announced the Department of Energy will “make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and…

The post US will release 50 million barrels of oil from its strategic reserves — will it affect prices? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Well, so far, the simple answer to the question posed in the headline is “no.” On Tuesday, the White House announced the Department of Energy will “make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and...

The post US will release 50 million barrels of oil from its strategic reserves — will it affect prices? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Aluminum inventories dwindle toward zero

Longtime readers of MetalMiner may recall a number of aluminum posts we have put out over the years since the financial crisis that explore shadow stocks or the “stock and finance trade” inventory that have referred to the murky world of “off-warrant,” or non-exchange, reserves of aluminum. Those reserves are often hard to determine in…

The post Aluminum inventories dwindle toward zero appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Longtime readers of MetalMiner may recall a number of aluminum posts we have put out over the years since the financial crisis that explore shadow stocks or the “stock and finance trade” inventory that have referred to the murky world of “off-warrant,” or non-exchange, reserves of aluminum. Those reserves are often hard to determine in...

The post Aluminum inventories dwindle toward zero appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Chatting with Norsk Hydro VP of Finance and Strategy Mike Stier about the infrastructure bill’s impact on aluminum

U.S. President Joe Biden on Monday signed the $1.2 trillion Infrastructure Investment and Jobs Act into law. The bill includes funding to upgrade the country’s transportation infrastructure, electric grid and more. As such, the projects will certainly need metals like steel, copper and aluminum, among others. In that vein, we recently chatted with Mike Stier,…

The post Chatting with Norsk Hydro VP of Finance and Strategy Mike Stier about the infrastructure bill’s impact on aluminum appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

U.S. President Joe Biden on Monday signed the $1.2 trillion Infrastructure Investment and Jobs Act into law. The bill includes funding to upgrade the country’s transportation infrastructure, electric grid and more. As such, the projects will certainly need metals like steel, copper and aluminum, among others. In that vein, we recently chatted with Mike Stier,...

The post Chatting with Norsk Hydro VP of Finance and Strategy Mike Stier about the infrastructure bill’s impact on aluminum appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Inflation and tariffs — what’s the connection?

Inflation is currently a hot topic on Wall Street and in Washington. For many, it’s a much more immediate issue than other major issues, like the impact of climate change. A recent Financial Times post in the paper’s Trade Secrets newsletter posed a somewhat controversial but not inappropriate question: could removing tariffs be the answer…

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Inflation is currently a hot topic on Wall Street and in Washington. For many, it’s a much more immediate issue than other major issues, like the impact of climate change. A recent Financial Times post in the paper’s Trade Secrets newsletter posed a somewhat controversial but not inappropriate question: could removing tariffs be the answer...

The post Inflation and tariffs — what’s the connection? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Is the LME running out of metal?

The headline poses a rhetorical question — we can all see the rundown in LME inventory this year. However, the question is intended to raise two issues. First, while in many cases analysts will point to falling inventory levels as a reason for rising prices, the current ultra-low levels of LME stocks support the point…

The post Is the LME running out of metal? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The headline poses a rhetorical question — we can all see the rundown in LME inventory this year. However, the question is intended to raise two issues. First, while in many cases analysts will point to falling inventory levels as a reason for rising prices, the current ultra-low levels of LME stocks support the point...

The post Is the LME running out of metal? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Strong aluminum market reflected in stellar Novelis results

Aluminum buyers just about everywhere have suspected their suppliers have been making the most of a tight market to maximize their returns this year. Those fortunate enough to have fixed aluminum prices for the year back in early 2021 will be anxiously…

Aluminum buyers just about everywhere have suspected their suppliers have been making the most of a tight market to maximize their returns this year. Those fortunate enough to have fixed aluminum prices for the year back in early 2021 will be anxiously looking at 2022 renewals. The majority, however, will be licking their wounds following...

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Could Russia’s aluminum export tax be coming to an end next month?

When news of Russia’s export tax on primary aluminum came out in the summer, it caused an increase in LME prices. More significantly, however, physical delivery premiums — such as the Midwest premium, the Rotterdam premium and the Main Japanese Port (MJP) premium — also increased. See why technical analysis is a superior forecasting methodology…

The post Could Russia’s aluminum export tax be coming to an end next month? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

When news of Russia’s export tax on primary aluminum came out in the summer, it caused an increase in LME prices. More significantly, however, physical delivery premiums — such as the Midwest premium, the Rotterdam premium and the Main Japanese Port (MJP) premium — also increased. See why technical analysis is a superior forecasting methodology...

The post Could Russia’s aluminum export tax be coming to an end next month? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Miners hold out potential to become carbon neutral

With COP-26 running this week in Glasgow, the environment has been one of the main topics in the news. Rightly so, many of you will say. We are doing a pretty fine job of trashing the planet, so it’s about time we collectively did what we can to reverse the damage. Unfortunately, the metals industry…

The post Miners hold out potential to become carbon neutral appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

With COP-26 running this week in Glasgow, the environment has been one of the main topics in the news. Rightly so, many of you will say. We are doing a pretty fine job of trashing the planet, so it’s about time we collectively did what we can to reverse the damage. Unfortunately, the metals industry...

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Aluminum prices collapse 20% in just two weeks — so what’s next?

While not alone in seeing ongoing price falls, across the metals sector prices have been in decline for two weeks now. The higher power content of primary aluminum has driven a plunge in prices that have caught many by surprise and still has the potential to go further. We’re offering timely emails with exclusive analyst…

The post Aluminum prices collapse 20% in just two weeks — so what’s next? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

While not alone in seeing ongoing price falls, across the metals sector prices have been in decline for two weeks now. The higher power content of primary aluminum has driven a plunge in prices that have caught many by surprise and still has the potential to go further. We’re offering timely emails with exclusive analyst...

The post Aluminum prices collapse 20% in just two weeks — so what’s next? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

US, EU deal on Section 232 tariffs calls for sustainability cooperation

As we predicted last month, the U.S. and E.U. have used the recent G20 summit in Rome to announce an end to hostilities over the steel and aluminum Section 232 tariffs imposed by the previous Trump administration and perpetuated by President Joe Biden. “We have agreed with the US to pause our steel and aluminium…

The post US, EU deal on Section 232 tariffs calls for sustainability cooperation appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

As we predicted last month, the U.S. and E.U. have used the recent G20 summit in Rome to announce an end to hostilities over the steel and aluminum Section 232 tariffs imposed by the previous Trump administration and perpetuated by President Joe Biden. “We have agreed with the US to pause our steel and aluminium...

The post US, EU deal on Section 232 tariffs calls for sustainability cooperation appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.