Industry News

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Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of: copper prices, the automotive sector’s push to restart production, oil prices and more.

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Bombardho/Adobe Stock

This morning in metals news, copper prices were up Friday but expected to be down for the week, Rusal says the aluminum market recovery could stretch into next year and JW Aluminum’s CEO weighed in on potential impacts of the COVID-19 pandemic on U.S. businesses’ sourcing strategy.

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Andrey Kuzmin/Adobe Stack

This morning in metals news, the E.U. could slap new duties on steel imported from Turkey, Australian energy exports to China have surged and union representatives questioned Alcoa’s efforts to keep its Ferndale, Washington smelter running.

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Björn Wylezich/Adobe Stock

This morning in metals news, Ford plans to restart its operations in the U.K. on Monday, Glencore comments on the COVID-19 crisis’ impact on copper and a Chilean industry group forecast a copper surplus of 200,000 tons this year.

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This morning in metals news, U.S. steel shipments fell in March, Chinese stainless steel futures surged to a nine-month high and BHP made its first yuan-denominated sale of iron ore to China’s Baosteel.

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Bombardho/Adobe Stock

This morning in metals news, copper prices have made gains, some General Motors parts plants will resume production this week and the Pilbara Ports Authority reported port data for April.

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Steelmaker ArcelorMittal late last week released its Q1 2020 financial results, reporting a net loss of $1.1 billion amid challenges stemming from the COVID-19 crisis.

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misunseo/Adobe Stock

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.

Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!

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This morning in metals news, General Motors aims to begin a phased restart of production at its North American facilities May 18, Ford said its parts distribution centers will resume full operations May 11 and Fiat Chrysler reported a first-quarter net loss of €1.7 billion.

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zerophoto/Adobe Stock

This morning in metals news, Novelis Inc. reported fiscal year 2020 net income fell 3%, ArcelorMittal has opted to suspend dividend payments and Barrick Gold has benefited from the gold price’s rise this year.

Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!

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