Category: Commodities

Vladimir Potanin Sanctioned by the UK and Nickel Price Impact

The UK government has added Vladimir Potanin, Norilsk Nickel’s president and chairman of the management board, to its list of sanctioned individuals. The LME nickel price remains in question. A June 29 update notification from HM Treasury’s Office of Financial Sanctions Implementation (OFSI) noted Potanin’s addition. The stated reason was that he would benefit from…

The post Vladimir Potanin Sanctioned by the UK and Nickel Price Impact appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The UK government has added Vladimir Potanin, Norilsk Nickel’s president and chairman of the management board, to its list of sanctioned individuals. The LME nickel price remains in question. A June 29 update notification from HM Treasury’s Office of Financial Sanctions Implementation (OFSI) noted Potanin’s addition. The stated reason was that he would benefit from...

The post Vladimir Potanin Sanctioned by the UK and Nickel Price Impact appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

International Commodities Market Fluctuates, Global Slowdown Impending

Mexico’s steel metal market recently saw a slowdown, leading experts to believe that Mexico’s industrial metal market may soon turn bearish. Flat steel prices, along with long steel prices, have been dropping over the past several weeks. In fact, Mexico’s steel prices have been in steady decline since April. However, in mid-May, prices dropped sharply…

The post International Commodities Market Fluctuates, Global Slowdown Impending appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Mexico’s steel metal market recently saw a slowdown, leading experts to believe that Mexico’s industrial metal market may soon turn bearish. Flat steel prices, along with long steel prices, have been dropping over the past several weeks. In fact, Mexico’s steel prices have been in steady decline since April. However, in mid-May, prices dropped sharply...

The post International Commodities Market Fluctuates, Global Slowdown Impending appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Copper Prices Plunge, But Chile Remains Optimistic

Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic button.” According to this CNN Business article, the commodity’s 11% drop over two weeks shows that global growth is slowing. However, not everyone agrees. Chile’s Codelco Thinks…

The post Copper Prices Plunge, But Chile Remains Optimistic appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic button.” According to this CNN Business article, the commodity’s 11% drop over two weeks shows that global growth is slowing. However, not everyone agrees. Chile’s Codelco Thinks...

The post Copper Prices Plunge, But Chile Remains Optimistic appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Estimating Stainless Steel Costs Becoming More Complicated

Last Month, MetalMiner reported that stainless steel cost had been holding strong amid high demand and increased production. However, we did identify some cracks in what might otherwise look like a solid recovery. As we transition from Q2 to Q3, some o…

Last Month, MetalMiner reported that stainless steel cost had been holding strong amid high demand and increased production. However, we did identify some cracks in what might otherwise look like a solid recovery. As we transition from Q2 to Q3, some of those cracks have grown significantly. Low Demand in China Affecting Stainless Steel Cost...

The post Estimating Stainless Steel Costs Becoming More Complicated appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

British Steel Begins Construction of New Billet Caster at Scunthorpe

New Steel Billet Caster in the Works Longs producer British Steel has begun constructing a billet casting machine at its Scunthorpe works. It will be the second such machine built at the site, which lies in England’s East Midlands region. On June 15th, the company said that the continuous caster should come on stream in late 2022….

The post British Steel Begins Construction of New Billet Caster at Scunthorpe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

New Steel Billet Caster in the Works Longs producer British Steel has begun constructing a billet casting machine at its Scunthorpe works. It will be the second such machine built at the site, which lies in England’s East Midlands region. On June 15th, the company said that the continuous caster should come on stream in late 2022....

The post British Steel Begins Construction of New Billet Caster at Scunthorpe appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Rare Earths MMI: US and China Feud Over Rare Earth Prices

Over the past month in, the Rare Earths MMI (Metal Miner Index) slightly dropped by 0.64%. Over the past few decades, the US-China relationship has evolved into more of a rivalry than anything else. This has left the United States eager to decouple fro…

Over the past month in, the Rare Earths MMI (Metal Miner Index) slightly dropped by 0.64%. Over the past few decades, the US-China relationship has evolved into more of a rivalry than anything else. This has left the United States eager to decouple from China on several critical issues. One such issue is the supply...

The post Rare Earths MMI: US and China Feud Over Rare Earth Prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Construction MMI: Optimism Rises While Indices Decline

The Construction MMI dropped by 9.41% from May into June. The decline comes amid growing optimism about the state of the industry. Even so, talk of recession continues to cast a shadow over the post-COVID economy. U.S. Construction Market Expected to G…

The Construction MMI dropped by 9.41% from May into June. The decline comes amid growing optimism about the state of the industry. Even so, talk of recession continues to cast a shadow over the post-COVID economy. U.S. Construction Market Expected to Grow 3% by 2026 Despite the doom and gloom recession talk going on, industry...

The post Construction MMI: Optimism Rises While Indices Decline appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Automotive MMI: Lower Metals Prices and Slumping Supply Dominate the May Market

The Automotive MMI (Monthly Metals Index) experienced a slight decline from May into June. The 30-day price change was roughly -9.55, a -6.52% drop. As with last month, multiple crises impacted the marketplace’s overall health. Among them are an ongoing microchip shortage and COVID-19 lockdowns. Below, we’ll discuss if and when we can expect normalization….

The post Automotive MMI: Lower Metals Prices and Slumping Supply Dominate the May Market appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Automotive MMI (Monthly Metals Index) experienced a slight decline from May into June. The 30-day price change was roughly -9.55, a -6.52% drop. As with last month, multiple crises impacted the marketplace’s overall health. Among them are an ongoing microchip shortage and COVID-19 lockdowns. Below, we’ll discuss if and when we can expect normalization....

The post Automotive MMI: Lower Metals Prices and Slumping Supply Dominate the May Market appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Costs at the Pump Outperforming Even Elevated Crude Prices

Back in the 1970’s, Arab oil embargoes caused short-term pain for the West due to rising crude prices. However, it also spurred a drive for fuel efficiency that ultimately reduced the country’s reliance on foreign oil. At the same time, it boosted the GDP per unit of energy consumed. Will history repeat itself? There’s no…

The post Costs at the Pump Outperforming Even Elevated Crude Prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Back in the 1970’s, Arab oil embargoes caused short-term pain for the West due to rising crude prices. However, it also spurred a drive for fuel efficiency that ultimately reduced the country’s reliance on foreign oil. At the same time, it boosted the GDP per unit of energy consumed. Will history repeat itself? There’s no...

The post Costs at the Pump Outperforming Even Elevated Crude Prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Is the Battery Metals Gold Rush Really Over?

The term battery metals typically refers to lithium, nickel, and cobalt. The name stems from the fact that the three metals are frequently used in the production of all types of modern batteries. Since 2021, these metals have enjoyed a rather lengthy b…

The term battery metals typically refers to lithium, nickel, and cobalt. The name stems from the fact that the three metals are frequently used in the production of all types of modern batteries. Since 2021, these metals have enjoyed a rather lengthy bull run. This has proved profitable for investors and provided some much-needed predictability...

The post Is the Battery Metals Gold Rush Really Over? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.