This Morning in Metals: Rio Tinto iron ore shipments rise 2% in Q4 2020

This morning in metals news: Rio Tinto’s iron ore shipments rose 2% year over year in Q4 2020; the Energy Information Administration forecast 2021 will see less power generation from natural gas this year; after rising during the first week of 2021, the LME three-month aluminum price has since been sliding. Rio Tinto reports rise…

The post This Morning in Metals: Rio Tinto iron ore shipments rise 2% in Q4 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: Rio Tinto’s iron ore shipments rose 2% year over year in Q4 2020; the Energy Information Administration forecast 2021 will see less power generation from natural gas this year; after rising during the first week of 2021, the LME three-month aluminum price has since been sliding. Rio Tinto reports rise...

The post This Morning in Metals: Rio Tinto iron ore shipments rise 2% in Q4 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Have we already seen peak iron ore prices for this year?

Iron ore — or at least iron ore producers — have had a pretty good pandemic. Get social with us. Follow MetalMiner on LinkedIn. Recovering iron ore output In Brazil, historic environmental restrictions and, at least in Q1 2020, heavy rains hampered Vale’s operations. In addition, the miner faced an ongoing impact on its workforce due…

The post Have we already seen peak iron ore prices for this year? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Iron ore — or at least iron ore producers — have had a pretty good pandemic. Get social with us. Follow MetalMiner on LinkedIn. Recovering iron ore output In Brazil, historic environmental restrictions and, at least in Q1 2020, heavy rains hampered Vale’s operations. In addition, the miner faced an ongoing impact on its workforce due...

The post Have we already seen peak iron ore prices for this year? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: EIA releases Short-Term Energy Outlook

This morning in metals news: the Energy Information Administration (EIA) released its Short-Term Energy Outlook; the China Iron and Steel Association (CISA) wants to know why iron ore prices are soaring; and the CEO of Cleveland-Cliffs touted the company’s plans for steel in the region after its acquisition of ArcelorMittal USA. Cut-to-length adders. Width and…

The post This Morning in Metals: EIA releases Short-Term Energy Outlook appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: the Energy Information Administration (EIA) released its Short-Term Energy Outlook; the China Iron and Steel Association (CISA) wants to know why iron ore prices are soaring; and the CEO of Cleveland-Cliffs touted the company’s plans for steel in the region after its acquisition of ArcelorMittal USA. Cut-to-length adders. Width and...

The post This Morning in Metals: EIA releases Short-Term Energy Outlook appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Cyclone warning adds fuel to iron ore surge

This morning in metals news: the iron ore price is surging amid a Pilbara Ports Authority cyclone warning; Steel Dynamics shares jumped; and Rio Tinto declared a maiden ore reserve at a project in western Serbia. Cut-to-length adders. Width and gauge a…

This morning in metals news: the iron ore price is surging amid a Pilbara Ports Authority cyclone warning; Steel Dynamics shares jumped; and Rio Tinto declared a maiden ore reserve at a project in western Serbia. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with...

The post This Morning in Metals: Cyclone warning adds fuel to iron ore surge appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Iron ore the star performer of 2020

If we think copper, zinc, and even aluminum have performed well this year, none of them are a patch on iron ore. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. Iron ore prices rise China’s iron ore imports…

The post Iron ore the star performer of 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

If we think copper, zinc, and even aluminum have performed well this year, none of them are a patch on iron ore. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. Iron ore prices rise China’s iron ore imports...

The post Iron ore the star performer of 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: BHP says copper output must double in 30 years; Iron ore prices set to rise; Upswing for tin demand?

Demand for copper and the move toward low-carbon economies will require that copper output double in the next 30 years, said BHP’s Tariq Salaria, vice president for sales and marketing. “Decarbonization and electrification are the main drivers for the future of metals commodities, delivering on the commitment of moves toward a low-carbon economy,” Salaria said…

The post This Morning in Metals: BHP says copper output must double in 30 years; Iron ore prices set to rise; Upswing for tin demand? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Demand for copper and the move toward low-carbon economies will require that copper output double in the next 30 years, said BHP’s Tariq Salaria, vice president for sales and marketing. “Decarbonization and electrification are the main drivers for the future of metals commodities, delivering on the commitment of moves toward a low-carbon economy,” Salaria said...

The post This Morning in Metals: BHP says copper output must double in 30 years; Iron ore prices set to rise; Upswing for tin demand? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Copper prices ease after peak; Chile sees mixed copper output; Vale targets more iron ore, safety

After peaking Tuesday, copper prices eased up Wednesday as profit-taking was spurred by a higher dollar, demand in China and upbeat news about COVID-19 vaccines, Reuters said. LME copper fell to $7,623/mt Wednesday after hitting $7,743/mt Tuesday, the highest since March 2013 and a gain of nearly 25% this year, Reuters reports. “Funds are taking…

The post This Morning in Metals: Copper prices ease after peak; Chile sees mixed copper output; Vale targets more iron ore, safety appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

After peaking Tuesday, copper prices eased up Wednesday as profit-taking was spurred by a higher dollar, demand in China and upbeat news about COVID-19 vaccines, Reuters said. LME copper fell to $7,623/mt Wednesday after hitting $7,743/mt Tuesday, the highest since March 2013 and a gain of nearly 25% this year, Reuters reports. “Funds are taking...

The post This Morning in Metals: Copper prices ease after peak; Chile sees mixed copper output; Vale targets more iron ore, safety appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Vale iron ore output jumps 31% in Q3 2020

This morning in metals news: miner Vale released its Q3 2020 production results; the Can Manufacturers Institute announced it will release grants in 2021 for aluminum can capture equipment; and, finally, U.S. crude oil inventories remain elevated. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Vale iron ore output…

The post This Morning in Metals: Vale iron ore output jumps 31% in Q3 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: miner Vale released its Q3 2020 production results; the Can Manufacturers Institute announced it will release grants in 2021 for aluminum can capture equipment; and, finally, U.S. crude oil inventories remain elevated. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Vale iron ore output...

The post This Morning in Metals: Vale iron ore output jumps 31% in Q3 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: U.S. steel prices rise

This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you.  Steel prices rise U.S. steel prices are on the rise, but…

The post This Morning in Metals: U.S. steel prices rise appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you.  Steel prices rise U.S. steel prices are on the rise, but...

The post This Morning in Metals: U.S. steel prices rise appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Iron ore price falls, but is it a pause before further rises or the top?

An article in the Australian Financial Review (AFR) underlines the bullish narrative accompanying the iron ore price’s performance this year. “Chinese steel consumption has just blown consensus out of the water this year,” the report notes, citing analyst comments, adding, “The macro backdrop, in terms of China, is very strong for all commodity consumption, and…

The post Iron ore price falls, but is it a pause before further rises or the top? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

An article in the Australian Financial Review (AFR) underlines the bullish narrative accompanying the iron ore price’s performance this year. “Chinese steel consumption has just blown consensus out of the water this year,” the report notes, citing analyst comments, adding, “The macro backdrop, in terms of China, is very strong for all commodity consumption, and...

The post Iron ore price falls, but is it a pause before further rises or the top? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.