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Metals

Global Manufacturing Resurgence Set to Reshape Steel Market

Mar 08, 2024 at 09:21 | Metal Miner

Via Metal Miner Month-over-month, the index experienced little movement. Overall, the Construction MMI (Monthly Metals Index) moved sideways,…

Guinea Greenlights Major Iron Ore Project with Global Giants

Mar 08, 2024 at 08:10 | Metal Miner

Via Metal Miner The West African state of Guinea recently approved a joint development deal between the government, Rio Tinto/Simfer, and the Winning…

Semiconductor Woes Could Dampen Auto Industry's Road to Recovery

Mar 06, 2024 at 08:18 | Metal Miner

Via Metal Miner Month-over-month, the Automotive MMI (Monthly Metals Index) dropped by 3.03%. While the automotive market continued…

U.S. Mines Race to Restart As Uranium Prices Skyrocket

Mar 05, 2024 at 08:30 | ZeroHedge

It's been a long time coming, but the bulls are finally back in uranium. And with them comes the restart of multiple uranium projects that have been taken…

India’s Steel Sector Urges Tariff Adjustments To Combat Flood of Imports

Mar 04, 2024 at 07:50 | Metal Miner

Via Metal Miner   In July, India became a net importer of steel for the fourth time in the last year. And therein…

Gold and Silver Volatility at Decade Lows

Mar 01, 2024 at 09:49 | ZeroHedge

Authored by Simon White, Bloomberg macro strategist, Inflation is back on the radar this week after yesterday's release of PCE in the US. It showed a…

EU Mulls Extending Steel Safeguard Measures Amid Flood of Imports

Mar 01, 2024 at 09:07 | Metal Miner

Via Metal Miner The European Commission, the executive body of the European Union, is due to examine a request to extend a 25%…

Low-Cost Nickel from Indonesia is Flooding The Market

Feb 29, 2024 at 07:31 | Metal Miner

Via Metal Miner   The global nickel mining industry is under stress, and the primary reason is an oversupply of low-cost nickel from…

EU Member States Clash on Sanctioning Russian Aluminum

Feb 28, 2024 at 07:52 | RFE/RL staff

Last week, the EU passed its latest sanctions package on Russia to coincide with the second anniversary of the full-scale invasion of Ukraine.…

Ukraine Steel Giant Faces 31% Drop in Steel Production

Feb 28, 2024 at 07:46 | Metal Miner

Via Metal Miner   Ukrainian metals and mining group Metinvest recently reported a 31% decrease year on year in its crude steel production…

Is a Deep-Sea Mining Boom Inevitable?

Feb 27, 2024 at 09:16 | Felicity Bradstock

Just a month after Norway approved the world’s first deep-sea mineral mining, a UN regulator has stated that he thinks the international practice of deep-sea mining is likely inevitable. There…

China’s Aluminum Sales to EU Plunge 30% Due to New Carbon Tariff

Feb 23, 2024 at 08:06 | Metal Miner

Via Metal Miner Earlier this week, the China Nonferrous Metals Industry Association reported a 30% decline in the volume of aluminum products exported…

UK Trade Authority Probes Steel Import Quotas

Feb 23, 2024 at 07:35 | Metal Miner

Via Metal Miner The United Kingdom’s Trade Remedies Authority (TRA) recently initiated a suspension review on safeguard measures against hot rolled flat and…

U.S. Aluminum Market Roiled by Closure of Major Smelter

Feb 21, 2024 at 07:57 | Metal Miner

Following a 4.7% month-over-month decline during January, aluminum prices fell an additional 1.9% throughout the first half of February. Despite these declines, aluminum prices continued to trade in…

Precious Metal Investors Face Continued Turbulence

Feb 20, 2024 at 08:29 | Metal Miner

Via Metal Miner After almost a year of sideways movement, the Global Precious Metals MMI…

Iron Ore Prices Rise as China Ramps Up Imports

Feb 16, 2024 at 07:00 | Metal Miner

Via Metal Miner The first month of 2024 saw iron ore kick-off to a strong start, mainly due to increasing prices and substantial…

Three Countries Hold 50% of the World’s Uranium Reserves

Feb 16, 2024 at 06:34 | ZeroHedge

There can be a tendency to believe that uranium deposits are scarce from the critical role it plays in generating nuclear energy, along with all the costs and…

Trump Vows to Block U.S. Steel Acquisition

Feb 15, 2024 at 07:50 | Metal Miner

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) fell 11.17% from January to February as steel…

Wyoming Rare Earth Discovery Could Shake Up Global Markets

Feb 14, 2024 at 07:13 | Metal Miner

Via Metal Miner   Month-on-month, rare earths prices exhibited sharp downward movement. While weaker downstream demand could potentially prove one culprit in the…

Market Woes Force Glencore to Unload Stake in Major Nickel Mine

Feb 14, 2024 at 07:01 | City A.M

Mining giant Glencore is exiting its 49 percent stake in a major nickel mine, weeks after lowering expectations for its performance in a slumping global market for the…

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