Week in Review: Tropical Cyclone Veronica, the April MMO and Auto Sales
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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- The European Steel Association (EUROFER) wants a mandate extension for the Global Forum on Steel Excess Capacity.
- Rio Tinto declared force majeure on some contracts after Tropical Cyclone Veronica inflicted damage on the Cape Lambert A port terminal.
- Japan’s second-largest copper producer, Sumitomo Metal Mining Co., laid out its fiscal year 2019 production guidance.
- Earlier this week, MetalMiner released its April Monthly Metal Buying Outlook.
- MetalMiner’s Stuart Burns delved into the problem of slowing global growth paired with rising shipping costs.
- We kicked off our series of Monthly Metals Index (MMI) reports, starting with the automotive sector.
- Speaking of the automotive sector, Burns surveyed the gloomy picture of global automotive sales, in both mature and emerging markets.
- India is drawing flak from NGOs for its continued reliance on coal.
- The demise of the dollar, in favor of China’s renminbi, has not exactly come to pass as of yet.
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