Week in Review: Deal Value Declines, Steel Production Drops, PSA Groupe to Merge with Fiat Chrysler
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, which included a PwC report on mining and metal deals, global steel production, lead and zinc forecasts, and an automotive merger of PSA Groupe and Fiat Chrysler.
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- According to the latest PwC quarterly report on mining and metal sector deals, global deal value in the third quarter fell 46% compared with the second quarter.
- Norsk Hydro recently reported its third-quarter financial results, including an update on its capacity ramp-up at its Alunorte alumina refinery.
- September global steel production dropped 0.3% on a year-over-year basis, according to the World Steel Association.
- The International Lead and Zinc Study Group forecasts a drop in demand for zinc and lead this year.
- MetalMiner’s Stuart Burns weighed in on the latest downturn in the Indian economy.
- Meanwhile, Sohrab Darabshaw reported on the decline in gold and silver sales during the usually busy holiday season in India.
- British Steel is back open for tender after talks fizzled with an arm of Turkish military pension fund OYAK.
- The world’s top producer of copper, Chile, is facing massive anti-government protests.
- Automakers PSA Groupe, maker of Peugeot, and Fiat Chrysler plan to merge.
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