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Original post By Stuart Burns Pandemic-related lockdowns constrained the global scrap market earlier this year. Consequently, operations were restricted or closed down. But even as containments have eased, the market has been slow to come back - resulting in rising prices for ste...
Original Post By Stuart Burns Following President Donald Trump's reimposition of 10% import tariffs on Canadian aluminum, the U.S.'s northern neighbor is now sweating the possible reimposition of steel tariffs. The U.S. imposed the Section 232 tariffs in 2018. Eventually, the U.S. li...
Canada's deputy prime minister Chrystia Freeland unveils C$3.6B of retaliatory tariffs on U.S. aluminum products , matching dollar-for-dollar the costs of the Trump administration's new 10% import tariff on Canadian raw aluminum that will apply starting Aug. 16. More news on: Rio Tinto ...
"Canada was taking advantage of us, as usual," President Trump announced after imposing tariffs of 10% of Canadian aluminum. "Very unfair to our jobs and our great aluminum workers." More news on: Alcoa Corporation, Century Aluminum Company, Kaiser Aluminum Corporation, Commodities news, N...
Alcoa ( AA +1.6% ) , Century Aluminum ( CENX +2.6% ) and Kaiser Aluminum ( KALU +1.7% ) pushed higher into the close after Bloomberg reports the Trump administration is set to waive Canada's exemption from some aluminum tariffs of up to 10%. More news on: Alcoa Corporation, Ce...
Original post By Stuart Burns Aluminum does appear to be having a surprisingly strong post-pandemic recovery - in China, at least. Not that I am counting COVID-19 as beat. The pandemic is something we are going to have to live with, possibly for years to come. Some metals, like s...
Original Post By Stuart Burns All the base metals have been lifted by an expected end to lockdowns and a pickup in activity, particularly in China this quarter. The weakening U.S. dollar has added a further fillip in recent weeks. Despite recent gains, nickel price still down for...
Original Post By Stuart Burns A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market. As a result, the article suggest...
The under-the-radar gains for several corners of the precious and base metals markets are drawing wider attention as buying heats up. Although year-to-date gains aren't uniformly positive for all corners of the metals market, recent trading action suggests a bull sweep is possible in the weeks...
Alcoa (NYSE: AA ) CEO Roy Harvey and Rio Tinto Aluminum (NYSE: RIO ) CEO Alf Barrios are among executives saying they "strongly oppose" the potential reinstatement of Section 232 tariffs on aluminum imports. More news on: Alcoa Corporation, Rio Tinto Group, iPath Series B Bloomberg Alumi...
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iPathA Series B Bloomberg Aluminum Subindex Total Return ETN Company Name:
JJU Stock Symbol:
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Aluminum is a silvery white metal with a myriad of useful properties that make it a necessary component in many of our everyday products. Given that, aluminum investing can offer exposure to growth in a number of market segments. The base metal is non-toxic, corrosion resi...
Aluminum is a silvery white metal with a list of positive properties that make it a useful and necessary component in many of the objects we use in our daily lives. It is non-toxic and corrosion resistant, it has high thermal conductivity and it is the most abundant metal in the Earth’...
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...