Global copper mine production rises by 3.7% in Q1

Global copper mine production rose by 3.7% in the first quarter of 2021, the International Copper Study Group (ICSG) reported this week. The group estimated an apparent global copper surplus of 130,000 metric tons. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Copper mine production gains…

The post Global copper mine production rises by 3.7% in Q1 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Global copper mine production rose by 3.7% in the first quarter of 2021, the International Copper Study Group (ICSG) reported this week. The group estimated an apparent global copper surplus of 130,000 metric tons. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Copper mine production gains...

The post Global copper mine production rises by 3.7% in Q1 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: General Motors to help develop hydrogen fuel cell systems for aircraft

This morning in metals news: General Motors will collaborate with Liebherr-Aerospace to develop hydrogen fuel cell power generation systems for aircraft; meanwhile, the copper price continues to slide; and, lastly, Rio Tinto has opened a new scandium p…

This morning in metals news: General Motors will collaborate with Liebherr-Aerospace to develop hydrogen fuel cell power generation systems for aircraft; meanwhile, the copper price continues to slide; and, lastly, Rio Tinto has opened a new scandium plant in Canada. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers...

The post This Morning in Metals: General Motors to help develop hydrogen fuel cell systems for aircraft appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

China suggests it could release state reserves of base metals

It would seem Beijing only has to speak and the market reacts — this time, it’s about base metals. Worried by what it sees as excessive inflation in commodity prices, which it fears will lead through into factory gate increases, China warned speculators last month over “excessive speculation.” The warning from China’s National Food and…

The post China suggests it could release state reserves of base metals appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

It would seem Beijing only has to speak and the market reacts — this time, it’s about base metals. Worried by what it sees as excessive inflation in commodity prices, which it fears will lead through into factory gate increases, China warned speculators last month over “excessive speculation.” The warning from China’s National Food and...

The post China suggests it could release state reserves of base metals appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Copper MMI: Copper price cools in second half of May after reaching all-time high

The Copper Monthly Metals Index (MMI) increased by 7.8% for this month’s reading, as the copper price remains high but dipped below the $10,000/mt level. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Copper prices retrace On May…

The post Copper MMI: Copper price cools in second half of May after reaching all-time high appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Copper Monthly Metals Index (MMI) increased by 7.8% for this month’s reading, as the copper price remains high but dipped below the $10,000/mt level. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Copper prices retrace On May...

The post Copper MMI: Copper price cools in second half of May after reaching all-time high appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Nonfarm payroll employment rises by 559,000

This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric to…

This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric ton. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the...

The post This Morning in Metals: Nonfarm payroll employment rises by 559,000 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Second-largest copper producer Peru on the cusp of disaster

You have to feel for poor Peru, the second-largest copper producer in the world. The country is facing the double affliction of the worst COVID-related death rate per head of population anywhere in the world. At the same time, it is enduring a presiden…

You have to feel for poor Peru, the second-largest copper producer in the world. The country is facing the double affliction of the worst COVID-related death rate per head of population anywhere in the world. At the same time, it is enduring a presidential election between two almost equally obnoxious candidates. The MetalMiner Best Practice...

The post Second-largest copper producer Peru on the cusp of disaster appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Global copper mine production up 3.5% through first two months of 2021

Global copper mine production rose by 3.5% through the first two months of the year, the International Copper Study Group reported. Furthermore, copper concentrate production rose by 5% during the period, while solvent extraction-electrowinning fell by…

Global copper mine production rose by 3.5% through the first two months of the year, the International Copper Study Group reported. Furthermore, copper concentrate production rose by 5% during the period, while solvent extraction-electrowinning fell by about 3%. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on...

The post Global copper mine production up 3.5% through first two months of 2021 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Copper prices to see out 2021 at lower levels — but higher prices coming in meantime

The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner. “It’s sentiment-driven,” one analyst said about current prices for the base metal and the prospect for increases in them over the year. Each month, MetalMiner hosts a…

The post Copper prices to see out 2021 at lower levels — but higher prices coming in meantime appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The copper price is likely to finish 2021 lower than its current level. However, they could yet see some further gains in the year, industry watchers told MetalMiner. “It’s sentiment-driven,” one analyst said about current prices for the base metal and the prospect for increases in them over the year. Each month, MetalMiner hosts a...

The post Copper prices to see out 2021 at lower levels — but higher prices coming in meantime appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: US steel capacity utilization dips slightly to 79.0%

This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a…

The post This Morning in Metals: US steel capacity utilization dips slightly to 79.0% appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a...

The post This Morning in Metals: US steel capacity utilization dips slightly to 79.0% appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: UC Rusal to demerge high-carbon assets, change name to AL+

This morning in metals news: UC Rusal will demerge its high-carbon assets; meanwhile, steel industry groups issued a renewed call to the Biden administration to ask him to keep the Section 232 steel tariff in place; and the copper price has picked back…

This morning in metals news: UC Rusal will demerge its high-carbon assets; meanwhile, steel industry groups issued a renewed call to the Biden administration to ask him to keep the Section 232 steel tariff in place; and the copper price has picked back up this week. You want more MetalMiner on your terms. Sign up...

The post This Morning in Metals: UC Rusal to demerge high-carbon assets, change name to AL+ appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.