Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and…

The post Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and...

The post Week in Review: Stainless steel boosts nickel; aluminum production rises; commodity ETFs gain momentum appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Chinese aluminum could be let off the hook of European anti-dumping measures

It is a curious insight into E.U. thinking when there is a clear case for anti-dumping duties only for them to be rowed back at the 11th hour after complaints from just two aluminum users and one importer. Do you know the five best practices of sourcin…

It is a curious insight into E.U. thinking when there is a clear case for anti-dumping duties only for them to be rowed back at the 11th hour after complaints from just two aluminum users and one importer. Do you know the five best practices of sourcing metals, including aluminum? Chinese aluminum and European anti-dumping...

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Renewables/GOES MMI: LG Energy Solution inks six-year supply deal for cobalt, nickel

The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give…

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The Renewables Monthly Metals Index (MMI) held flat for this month’s reading. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Get social with us. Follow MetalMiner on LinkedIn. LG Energy Solution signs cobalt, nickel access deal Last month, LG Energy Solution announced it had signed an agreement that will give...

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Global Precious MMI: Gold price bounces back in second half of August as dollar weakens

The Global Precious Monthly Metals Index (MMI) fell by 4.2% for this month’s reading, as the gold price took losses early in the month before bouncing back. More MetalMiner is available on LinkedIn. Gold price recovers The gold price bounced back after falling to around $1,730 per ounce in early August. From there, the U.S. gold…

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The Global Precious Monthly Metals Index (MMI) fell by 4.2% for this month’s reading, as the gold price took losses early in the month before bouncing back. More MetalMiner is available on LinkedIn. Gold price recovers The gold price bounced back after falling to around $1,730 per ounce in early August. From there, the U.S. gold...

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Rare Earths MMI: Lynas Malaysia rare earths processing plant continues to operate at reduced rates

The Rare Earths Monthly Metals Index (MMI) dropped 8.5% for this month’s reading.   Want MetalMiner directly in your inbox? Sign up for weekly updates now. Lynas updates on Malaysian operations Lynas Rare Earths Ltd. last month offered on update on its processing operations in Malaysia. The plant is operating at reduced rates due to the…

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The Rare Earths Monthly Metals Index (MMI) dropped 8.5% for this month’s reading.   Want MetalMiner directly in your inbox? Sign up for weekly updates now. Lynas updates on Malaysian operations Lynas Rare Earths Ltd. last month offered on update on its processing operations in Malaysia. The plant is operating at reduced rates due to the...

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Construction MMI: Construction spending ticks up, ABI shows growth

The Construction Monthly Metals Index (MMI) picked up by 4.9% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. US construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,568.8 billion in July, the Census Bureau reported earlier this month. The July rate marked…

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The Construction Monthly Metals Index (MMI) picked up by 4.9% for this month’s reading. You want more MetalMiner on your terms. Sign up for weekly email updates here. US construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,568.8 billion in July, the Census Bureau reported earlier this month. The July rate marked...

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This Morning in Metals: Steel capacity utilization rises; Hydro inks energy deal; aluminum prices skyrocket

This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises…

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This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises...

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Solid stainless production drives nickel price

When Chinese steel group Tsingshan announced its Indonesian nickel operations would supply matte — a form of the metal used only for stainless steel production — to battery makers back in February, the news undercut the narrative that only refined nickel would be sufficiently high grade for the electric vehicle sector. The price proceeded to…

The post Solid stainless production drives nickel price appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

When Chinese steel group Tsingshan announced its Indonesian nickel operations would supply matte — a form of the metal used only for stainless steel production — to battery makers back in February, the news undercut the narrative that only refined nickel would be sufficiently high grade for the electric vehicle sector. The price proceeded to...

The post Solid stainless production drives nickel price appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Stainless MMI: Stainless producers announce base price hikes

The Stainless Monthly Metals Index (MMI) remained flat for this month’s reading. Are you under pressure to generate stainless steel cost savings? Make sure you are following these five best practices.  Base price and surcharge increase Both NAS and Outokumpu announced price increases effective Sept. 1. Outokumpu increased base prices by reducing the discount by…

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The Stainless Monthly Metals Index (MMI) remained flat for this month’s reading. Are you under pressure to generate stainless steel cost savings? Make sure you are following these five best practices.  Base price and surcharge increase Both NAS and Outokumpu announced price increases effective Sept. 1. Outokumpu increased base prices by reducing the discount by...

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Raw Steels MMI: Index drops after a 14-month climb

The Raw Steels Monthly Metals Index (MMI) dropped by 1.4%, as Chinese steel and U.S. scrap prices declined. Each month, MetalMiner hosts a webinar on a specific metals topic. This month’s discussion is Carbon Steel 2022: What types of steel contracts to set up and when to execute them. Explore the upcoming webinars and sign…

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The Raw Steels Monthly Metals Index (MMI) dropped by 1.4%, as Chinese steel and U.S. scrap prices declined. Each month, MetalMiner hosts a webinar on a specific metals topic. This month’s discussion is Carbon Steel 2022: What types of steel contracts to set up and when to execute them. Explore the upcoming webinars and sign...

The post Raw Steels MMI: Index drops after a 14-month climb appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.