The Week in Metals: Bulls Everywhere!

bull bummi100/Adobe Stock

This week started with lead and zinc hitting multiyear highs as metal bulls rushed to invest and infrastructure demand continuing to buoy prices.

Tin hit its own high, even as MetalMiner Co-Founder Stuart Burns warned that the rally is based on investment and not supply-and-demand fundamentals. Everywhere we turn, these days, there are more industrial metals bulls (even in India).

If you don’t want your bottom line to get trampled in this bull run, listen to Stuart and Raul de Frutos to know when to buy forward. This rally is strange in that it coincides with a strong U.S. dollar, which usually has an inverse relationship to commodities, but even oil has taken off this week.

Will the dollar and commodities finally diverge? When? We’ll let you know when we see some signs.

Meanwhile, in Automotive Metals

As automakers continue to attempt to lighten their fleets to meet Corporate Average Fuel Economy and other standards, the Volvo Group found a new target for lightweighting: wires and cables. All the copper in your car — or, in this case, Volvo’s trucks — could be cut down by using Wi-Fi-enabled sensors. Bad news for copper producers, but good news for the weight of your car.

That 3D-Printed Bridge is Closer to Reality

I went to Las Vegas and got a look at some the 316 alloy stainless steel panels that will make up the first “3D-printed” pedestrian bridge, which will finally get assembled next year in Amsterdam. All of the parts were created with digital laser sintering, a process that essentially welds metals from powders into whatever form you can dream up. MX3D dreamt up a bridge.

Turns Out That We’re Protectionist, Too

Boeing and Washington state lost a World Trade Organization case involving state subsidies to keep an assembly plant there. Airbus is doing sack dances with all of its European friends in Brussels as we speak. I suppose you could make the argument that every nation is protectionist in some ways. Everybody dumps, too.

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.