Category: coronavirus

Indian economy devastated by coronavirus pandemic is showing signs of recovery

India came in for considerable criticism over its reaction to the spread of the coronavirus pandemic in the first wave. Locking down the economy almost overnight and trapping millions of migrant workers from returning home, only to then release them a …

India came in for considerable criticism over its reaction to the spread of the coronavirus pandemic in the first wave. Locking down the economy almost overnight and trapping millions of migrant workers from returning home, only to then release them a week or two later to flood out into rural areas and spread the virus,...

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‘A crisis like no other’: IMF revises 2020 global growth forecast down to -4.9%

The International Monetary Fund’s (IMF) most recently updated global growth forecast is gloomier than the last. The IMF forecast global growth of -4.9% for 2020, down from the -3.0% forecast previously released in April. “The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery…

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The International Monetary Fund’s (IMF) most recently updated global growth forecast is gloomier than the last. The IMF forecast global growth of -4.9% for 2020, down from the -3.0% forecast previously released in April. “The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery...

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Chinese construction steel prices dip amid cluster of new coronavirus cases

As much as China would have the rest of the world believe it has the coronavirus beat, both the authorities and the economy are acutely sensitive to the possibility of a resurgence. The recent reintroduction of a lockdown in Beijing — following new cases in Beijing’s biggest wholesale market, which infected at least 236 people…

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As much as China would have the rest of the world believe it has the coronavirus beat, both the authorities and the economy are acutely sensitive to the possibility of a resurgence. The recent reintroduction of a lockdown in Beijing — following new cases in Beijing’s biggest wholesale market, which infected at least 236 people...

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Automotive MMI: Sales slump as automakers mull production restart plans

The Automotive Monthly Metals Index (MMI) fell 1.3% this month. U.S. auto sales General Motors reported first-quarter deliveries of 618,335 vehicles, a decline of 7% compared with Q1 2020. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “In this uncertain and challenging time, GM and our strong…

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The Automotive Monthly Metals Index (MMI) fell 1.3% this month. U.S. auto sales General Motors reported first-quarter deliveries of 618,335 vehicles, a decline of 7% compared with Q1 2020. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “In this uncertain and challenging time, GM and our strong...

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Our response to the pandemic may be window to worse to come in the recovery

Lockdown restrictions have initiated the worst contraction in global trade since the Great Depression of the 1930s. Even during the 2008 financial crisis, the volume of exports in Europe only contracted by 11%. This crisis could prove significantly wor…

Lockdown restrictions have initiated the worst contraction in global trade since the Great Depression of the 1930s. Even during the 2008 financial crisis, the volume of exports in Europe only contracted by 11%. This crisis could prove significantly worse, The Telegraph reports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire...

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What kind of economy can we expect post-lockdown?

The stock market has had its best month in decades and many are clearly looking forward to May with more optimism than they could April, but a series of articles in The Economist suggest we are far from the prospect of a return to normal. Looking for m…

The stock market has had its best month in decades and many are clearly looking forward to May with more optimism than they could April, but a series of articles in The Economist suggest we are far from the prospect of a return to normal. Looking for metal price forecasting and data analysis in one...

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COVID-19 pandemic to hamper India’s iron ore export business

Like its metals markets, India’s mining sector is in a state of turmoil because of the ongoing COVID-19 pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! A new report by data analytics company GlobalData has forecast India’s iron ore exports will decline by around 25%…

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Like its metals markets, India’s mining sector is in a state of turmoil because of the ongoing COVID-19 pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! A new report by data analytics company GlobalData has forecast India’s iron ore exports will decline by around 25%...

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Container shipping industry idling services in the face of coronavirus’ impact on supply chains

Many industries are hurting at the moment, more from the steps taken to counter the spread of the COVID-19 virus than from infection hitting crews or ports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! With China slowly emerging from lockdown and both Europe and North…

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Many industries are hurting at the moment, more from the steps taken to counter the spread of the COVID-19 virus than from infection hitting crews or ports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! With China slowly emerging from lockdown and both Europe and North...

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Europe under political strain as bloc mulls collective response to coronavirus

There has been a lot of talk at the European level about collective action in response to the economic impact of the coronavirus outbreak. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. To date, there has been precious little concrete action. Unlike the…

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There has been a lot of talk at the European level about collective action in response to the economic impact of the coronavirus outbreak. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. To date, there has been precious little concrete action. Unlike the...

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This Morning in Metals: U.S. steel capacity utilization rate hits 80.7%

This morning in metals news, the U.S. steel capacity utilization rate reached 80.7% for the year through March 28, steel industry workers in the Great Lakes region tested positive for the novel coronavirus (COVID-19) and copper clawed back some gains T…

This morning in metals news, the U.S. steel capacity utilization rate reached 80.7% for the year through March 28, steel industry workers in the Great Lakes region tested positive for the novel coronavirus (COVID-19) and copper clawed back some gains Tuesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about...

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