Global insight
Vale resumes Creighton operations after earthquake
Vale resumes Creighton operations after earthquake |
China’s EV battery sector frets over supply
China’s EV battery sector frets over supply |
Alcoa to shut Ferndale smelter, throwing 700 out of work
[Ferro-Alloys.com] Ferndale Mayor Greg Hansen took “a nice, long walk in the rain’’ to compose himself Wednesday before agreeing to speak about the announced closure of the nearby Alcoa aluminum smelter — it’s a huge blow to a community already reeling. |
Japan’s March auto sales extend fall
Japan's auto sales fell in March for a sixth straight month. |
Seaborne coal market oversupplied by 40mn t: Noble
The seaborne thermal coal market is oversupplied by around 40mn t and a demand-supply imbalance could persist for much of this year as the Covid-19 pandemic dents economic activity. |
US plant closures could cut 900,000 auto sales: Analyst
Covid-19-related shutdowns of automotive plants across North America could cost US automakers at least 900,000 vehicle sales this year, reducing steel demand, according to industry estimates. |
Iron ore diversions to China risk a surplus
China's quick recovery from the Covid-19 outbreak has steadied iron ore prices this year, but global steel production cuts could divert 4mn-5mn t/month of iron ore to China and start to weigh on its spot markets, especially for pellet. |
Australian coal industry reviews expansion plans
Australia's coal industry is reviewing plans for expansion and sustaining capital expenditure as they attempt to conserve cash amid fears that coal prices will return to a long period of historical lows below those seen in 2015-16. |
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