Week in Review: Palladium’s Rising Star, China’s Auto Tariffs and November Steel Production
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner:
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- Sohrab Darabshaw writes about a Japanese firm opening a new aluminum alloy plant in India.
- In case you missed it, we released our December Monthly Metals Index (MMI) report — check it out here to catch up on all the latest developments within our 10 MMI subindexes.
- Is palladium the new gold? Stuart Burns writes about the PGM’s rising fortune relative to gold.
- China’s Ministry of Finance announced plans to temporarily scale back its tariff on imported U.S.-made automobiles from 40% to 15%.
- Miner Rio Tinto completed the sale of its Dunkerque aluminum smelter for $500 million to Liberty House, a subsidiary of Sanjeev Gupta’s GFG Alliance.
- Shares of Vedanta rose more than 6% on news of an Indian court’s reversal of a previous order earlier this year that called for the shutdown of Vedanta’s Sterlite copper smelter.
- Indonesia tin major PT Timah reported strong third-quarter production numbers.
- The World Steel Association reported global crude steel production in November jumped 5.8% year over year.
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