Tuesday, December 12, 2017

This Morning in Metals: Wisconsin Ends Mining Moratorium

This morning in metals news, Wisconsin Gov. Scott Walker signed a bill ending the state’s moratorium on gold and silver mining, Chile approaches a busy year for mine union negotiations, and Chinese steel futures drop. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Going for the Gold in...

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from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/12/12/wisconsin-scott-walker-governor-mining-moratorium-chile-copper-union-china-steel-futures/

GOES MMI: GOES M3 Prices Drop While Japanese Imports Grow

Grain-oriented electrical steel (GOES) import levels appear to have peaked in March of this year at 3580 metric tons. Despite a rise in June, import levels appear lower now than during the summer months, but are clearly higher than 2016 levels.

Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up

With a Section 232 investigation still underway, we might expect to see declining import levels until the Department of Commerce submits a report to the Trump administration next month — at which point it remains unclear what will happen with steel imports.

The story behind GOES imports, however, looks quite different from the story behind other steel imports, particularly carbon steel – hot rolled coil, cold rolled coil and coated products.

The GOES trade story has become more complicated, particularly when one considers what types of GOES materials have entered the U.S. market.

Most of the imports did not come from China or Korea (often the targets of trade complaints) — rather, the lion’s share of the volume comes from Japan. See chart below:

[caption id="attachment_89294" align="aligncenter" width="580"] Source: US ITC[/caption]

Yet, Japan produces several products for which no domestic source exists – namely, “heat-proof” products, including those using domain-refined processes used “…in specialty transformers where small size, high efficiency and low noise are at a premium.” Indeed, that description appeared in the U.S. International Trade Commission’s examination of "Grain Oriented Electrical Steel from Germany, Japan and Poland" (see link above).

The domestic producers did not win that trade case. ATI subsequently shut down its GOES operations.

Japan’s JFE and Nippon Steel remain the dominant GOES players for these more technically difficult higher end grades. The Kobe Steel scandal will have little to no impact on GOES markets, since Kobe does not supply the U.S. market with GOES.

Meanwhile, the market will await for additional grain-oriented electrical steel announcements (and potentially supply of H1-B) from Big River Steel, as well as some clarity around GOES with the Section 232 investigation.

Free Sample Report: Our Annual Metal Buying Outlook

Exact GOES Coil Price This Month

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from Metal Prices – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/12/12/grain-oriented-electrical-steel-section-232-investigation-international-trade-commission-japan-kobe-steel-ati/

This Morning in Metals: Wisconsin Ends Mining Moratorium

This morning in metals news, Wisconsin Gov. Scott Walker signed a bill ending the state’s moratorium on gold and silver mining, Chile approaches a busy year for mine union negotiations, and Chinese steel futures drop. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Going for the Gold in...

The post This Morning in Metals: Wisconsin Ends Mining Moratorium appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.



from Metal Prices – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/12/12/wisconsin-scott-walker-governor-mining-moratorium-chile-copper-union-china-steel-futures/

Sunday, December 10, 2017

Rare Earths MMI: Basket of Metals Slides as Prices Drop

The Rare Earths MMI took a three-point drop for the month, falling to 18 for our December reading. 
Save for an 11-cent increase in the Chinese yttrium price, the heavier hitters in this basket of metals  — terbium oxide, neodymium oxide, europium oxide and dysprosium oxide — posted price drops.

Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up

Australian Rare Earths Miner Makes a Comeback

An article by Forbes chronicles the major bounceback of Australian rare-earths miner Lynas Corp., which rebounded after losing 99% of its share price.

The reason for the revival? The electric-car wave and environmental cleanup efforts in China, the Forbes article reports.

Surviving an oversupplied market that saw rare-earths prices plummet in recent years, a tightening of the market by China — the dominant global producer of rare earths — saw the firm's fortunes reverse.

"Lynas, a former gold miner, somehow survived, and today it's enjoying a rerun of the rare-earths shortage as China's tougher pollution laws and the growing popularity of electric cars are boosting prices," Forbes reports.

Namibia Rare Earths Acquires Portfolio of Metal Properties

In other recent news, Namibia Rare Earths announced in November the acquisition of a portfolio of critical metal properties in Namibia.

According to a release from the firm, it agreed to acquire a "majority interest in seven projects ranging from exploration opportunities to near term feasibility stage" from Gecko Namibia (Pty) Ltd.

"The Gecko Namibia portfolio of properties will expand the Company’s commodity base from solely rare earths to a variety of highly critical commodities including cobalt, copper, zinc, lithium, graphite, tantalum, niobium, nickel, and gold," the release continues. "Ground holdings in Namibia will increase from 221 km2 (Lofdal) to over 6,850 km2."

Instability, Violence in Congo

The Democratic Republic of Congo is rich with rare-earths, like cobalt, used in things like computers, cellphones and electric car batteries.

However, political instability and violence in the country this year have understandably had significant effects on the rare-earths market in the central African country. (Of course, as has been mentioned in this space before, the market effects of the instability and violence is not the primary takeaway of these events, but is relevant insofar as we are talking about metals.)

Recently, at least 14 United Nations peacekeepers were killed after an attack in the eastern portion of the country Friday, the Washington Post reported.

In a statement Friday, U.N Secretary-General António Guterres condemned the attack, saying it constituted a war crime.

"This is the worst attack on UN peacekeepers in the Organization’s recent history," Guterres said.

While the price of metals is a small consideration compared with the bloodshed in the country this year — in August, the U.N. reported approximately 250 people were killed in ethnic-based massacres — instability and violence certainly have an effect on production capabilities and, thus, metal prices for rare earths mined in the DRC (like cobalt).

Free Sample Report: Our Annual Metal Buying Outlook

Actual Metal Prices and Trends

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from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/12/11/rare-earths-lynas-corp-china-yttrium-terbium-dysprosium-europium-oxide-congo-namibia/

Monday, December 4, 2017

The Final Monthly Metal Buying Outlook of 2017 is Here

MetalMiner’s Monthly Buying Outlook report for December is now available! Sharpen your sourcing strategies for buying aluminum, copper, nickel, lead, zinc, tin and multiple forms of steel, complete with our coverage of drivers, market commentary, polished charts and more. If you’re a metals buyer in North America, this is the ideal report for you. The...

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from Metal Prices – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/12/04/the-final-monthly-metal-buying-outlook-of-2017-is-here/

Thursday, November 30, 2017

This Afternoon in Metals: Tax Bill May Upend Renewables Investment

This afternoon in metals news, the U.S. renewable energy industry has reason to worry about the Republican tax proposal, union members at the Quebrada Blanca copper mine in Chile move closer to a strike, and precious metal prices fall. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Renewables...

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from Metal Prices – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/11/30/this-afternoon-in-metals-tax-bill-may-upend-renewables-investment/

This Afternoon in Metals: Tax Bill May Upend Renewables Investment

This afternoon in metals news, the U.S. renewable energy industry has reason to worry about the Republican tax proposal, union members at the Quebrada Blanca copper mine in Chile move closer to a strike, and precious metal prices fall. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Renewables...

The post This Afternoon in Metals: Tax Bill May Upend Renewables Investment appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.



from Precious Metals – Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner https://agmetalminer.com/2017/11/30/this-afternoon-in-metals-tax-bill-may-upend-renewables-investment/