Week in Review: Challenges ahead for shipping; automakers prep restarts; aluminum prices

Fouad Egbaria | Posted on May 8, 2020 |

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, including coverage of: automotive sales, U.S. construction spending, aluminum prices on the SHFE and LME, and gold’s growing premium over silver.
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Stuart Burns on what the economy might look like after restrictions related to COVID-19 are lifted.
Another possible ripple effect of the COVID-19 crisis? A continuation of the already deepening trend toward trade protectionism.
Automakers’ U.S. sales slumped in Q1 and April as Detroit’s Big 3 eye a May 18 production restart.
U.S. construction spending ticked up 0.9% in March compared with the previous month.
Rare earths miner and processor Lynas Corporation announced the restart of its processing operations in Malaysia.
Choppy waters lie ahead for the shipping industry.
Aluminum prices on the SHFE and LME have diverged.
Interest in silver ETFs has grown, Burns writes.
India has become a net copper importer, Sohrab Darabshaw writes.
Gold price have continued to hover around $1,700/ounce of late.