Week in Review: Earnings Reports, Capacity Utilization and Palladium’s Rise

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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:

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  • Nucor reported net earnings of $676.6 million in the third quarter.
  • Global zinc and lead demand is forecast to rise this year and next, according to the International Lead and Zinc Study Group.
  • MetalMiner’s Stuart Burns wrote about the power dynamics currently at play between Rome and Brussels, as Italy’s new ruling coalition has markedly different perspectives on the country’s economic direction.
  • The U.S. steel capacity utilization rate hit 77.7% as of Oct. 20, according to a recent American Iron and Steel Institute (AISI) report.
  • Palladium prices continue to rise.
  • The U.S. Department of Commerce issued preliminary determinations in its anti-dumping and countervailing duty investigations of steel propane cylinder imports from China.
  • The U.S.’s metals tariffs have had ripple effects around the world — India is among the countries looking to protect its steel sector in the tariffs’ wake.
  • Sticking in India, the gold buying during the country’s festival season isn’t quite as busy as it usually is, Sohrab Darabshaw explains.
  • Ford Motor Co. released its third-quarter earnings results earlier this week, which prompted a surge in its stock price yesterday.

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