What goes up must (eventually) come down — does the old saying apply to nickel prices?

Up to this week, the nickel bull story had been roaring along. Talk of metal shortages and runaway electric vehicle (EV) and hybrid battery demand have supported that story. But one announcement has seen that bull run hit a brick wall. Grab your coffee and hear MetalMiner’s latest forecast for aluminum, copper, stainless and carbon…

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Up to this week, the nickel bull story had been roaring along. Talk of metal shortages and runaway electric vehicle (EV) and hybrid battery demand have supported that story. But one announcement has seen that bull run hit a brick wall. Grab your coffee and hear MetalMiner’s latest forecast for aluminum, copper, stainless and carbon...

The post What goes up must (eventually) come down — does the old saying apply to nickel prices? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Global supply chains under pressure amid rising costs, delays

When we first started reporting on global freight costs in Q4 last year, we expected that the pandemic bounce-back would probably be a relatively short-term effect, easing around the Chinese Lunar New Year. Around then, Chinese manufacturers closed dow…

When we first started reporting on global freight costs in Q4 last year, we expected that the pandemic bounce-back would probably be a relatively short-term effect, easing around the Chinese Lunar New Year. Around then, Chinese manufacturers closed down and the shipping industry had a chance to catch up on backlogs. Unfortunately, in the meantime,...

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Following a strong recovery, how much further does oil have to go?

The Brent crude oil price has continued a dramatic recovery this year. Brent crude last week briefly crossed $66 a barrel (where it started 2020). A recovery in demand has stoked oil prices. That demand surge is largely coming from the prospects of an …

The Brent crude oil price has continued a dramatic recovery this year. Brent crude last week briefly crossed $66 a barrel (where it started 2020). A recovery in demand has stoked oil prices. That demand surge is largely coming from the prospects of an acceleration in transport activity as vaccine programs roll out. Find more...

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European aluminum market under duress

There is not a lot of chatter in the press about this yet, but speak to producers and consumers and you will hear plenty of complaints about the European aluminum market. Both flat rolled and extruded products are facing serious supply issues. However,…

There is not a lot of chatter in the press about this yet, but speak to producers and consumers and you will hear plenty of complaints about the European aluminum market. Both flat rolled and extruded products are facing serious supply issues. However, whether they will be short-lived or prove more persistent is not yet...

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What’s next for the former Trump administration’s aluminum tariff?

Whether the new Biden administration creates a more insightful or sophisticated approach to trade remains to be seen. But, if nothing else, a new administration is a chance for a reset on policies that have not worked as intended under a previous administration. Aluminum tariff policy The previous administration’s Section 232 tariffs on aluminum of…

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Whether the new Biden administration creates a more insightful or sophisticated approach to trade remains to be seen. But, if nothing else, a new administration is a chance for a reset on policies that have not worked as intended under a previous administration. Aluminum tariff policy The previous administration’s Section 232 tariffs on aluminum of...

The post What’s next for the former Trump administration’s aluminum tariff? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Copper price rises as the metal’s bull story continues

Copper seems to be a one-way bet the last six months. The copper price has risen from a low of $4,371 per metric ton in March last year to $8,631 per metric ton Friday on the LME. According to Reuters, Goldman Sachs and Citi are doubling down on their bull calls for the copper market….

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Copper seems to be a one-way bet the last six months. The copper price has risen from a low of $4,371 per metric ton in March last year to $8,631 per metric ton Friday on the LME. According to Reuters, Goldman Sachs and Citi are doubling down on their bull calls for the copper market....

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Investment banks signal possible start of a commodities super cycle

Investment banks love a super cycle. It spurs irrational investment and sucks in unwary investors. Furthermore, it encourages passive funds to up their allocation, even if only by fractions of a percent. But with some $14 trillion invested in US equiti…

Investment banks love a super cycle. It spurs irrational investment and sucks in unwary investors. Furthermore, it encourages passive funds to up their allocation, even if only by fractions of a percent. But with some $14 trillion invested in US equities alone, even a modest increase in passive investments into ETFs would reap significant rewards...

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Rare earths are the next geopolitical chess game

Although presented as the evil machinations of an enemy state, a recent Financial Times article lays out the rare earths dilemma China faces. Rare earths in the crosshairs Rare earths industry executives made unofficial statements indicating Chinese go…

Although presented as the evil machinations of an enemy state, a recent Financial Times article lays out the rare earths dilemma China faces. Rare earths in the crosshairs Rare earths industry executives made unofficial statements indicating Chinese government officials had asked them how badly companies in the US and Europe, including defense contractors, would be...

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Nickel drives stainless prices, even as LME stocks rise

Stainless steel producers have been caught in a pincer movement over the last year of rising nickel prices but falling demand. It is a counterintuitive situation until you factor in China’s stainless production. Chinese output rose by 4% in the third quarter of last year compared to the rest of the world, which fell by…

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Stainless steel producers have been caught in a pincer movement over the last year of rising nickel prices but falling demand. It is a counterintuitive situation until you factor in China’s stainless production. Chinese output rose by 4% in the third quarter of last year compared to the rest of the world, which fell by...

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Aluminum industry players accelerate move to lower carbon footprint

Although originally borrowed from a book of the same name, some call Australia the “Lucky Country.”  Blessed with resource abundance, a warm climate and decades of near uninterrupted growth, it certainly seems to have it all. But it isn’t alone. For decades, industrialized countries have looked at the Middle East’s oil wealth with some degree…

The post Aluminum industry players accelerate move to lower carbon footprint appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Although originally borrowed from a book of the same name, some call Australia the “Lucky Country.”  Blessed with resource abundance, a warm climate and decades of near uninterrupted growth, it certainly seems to have it all. But it isn’t alone. For decades, industrialized countries have looked at the Middle East’s oil wealth with some degree...

The post Aluminum industry players accelerate move to lower carbon footprint appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.