Metals Data Response Global Aluminium Production (Nov.) Global aluminium production continued to falter in November, largely due to another sharp fall in Chinese output. But additions to China’s capacity coupled with a resumption of shuttered smelters... 20th December 2019 · 2 mins read
Metals Data Response Global Steel Production (Oct.) Global steel production continued to contract y/y in October, and we think it will remain weak in the coming months given subdued economic growth in key consuming regions. 26th November 2019 · 2 mins read
Metals Data Response China and India Gold Imports (Oct.) Gold imports by China and India remained at historically low levels in October. Our view is that the gold price rally is now behind us, and that ongoing weakness in consumer demand will be one of the... 25th November 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Oct.) Global aluminium output ticked up on a monthly basis in October, in large part due to the ongoing ramp-up of new capacity in Bahrain. It now looks likely that global production will be broadly flat... 20th November 2019 · 2 mins read
Metals Data Response Global Steel Production (Sep.) Temporary shutdowns in China and Japan caused annual growth in global steel production growth to contract in September. We expect production to bounce back a little as these temporary factors fade... 25th October 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Sep.) Global aluminium output contracted again in September. But with a recovery in Chinese and Canadian production likely in the coming months, global aluminium supply may now be close to bottoming out. 21st October 2019 · 2 mins read
Metals Data Response Global Steel Production (Aug.) An upturn in Chinese output lifted global steel production growth out of the doldrums in August. But with environmental cuts being stepped up, and construction activity set to falter, we doubt this... 26th September 2019 · 3 mins read
Metals Data Response China and India Gold Imports (Aug.) Gold imports in China and India remained extremely weak in August. With local currency prices likely to stay elevated, and growth in China set to slow, a turnaround in demand is unlikely anytime soon. 25th September 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Aug.) Global aluminium production fell again in August, and we think this contraction could deepen in the months ahead. Despite this, we forecast that the price of aluminium will fall a little further this... 20th September 2019 · 2 mins read
Metals Data Response Global Steel Production (Jul.) July’s slowdown in steel production was probably a sign of things to come given environmental restrictions, squeezed margins and soft demand in China. Nonetheless, steel prices look set to fall... 27th August 2019 · 3 mins read
Metals Data Response Global Aluminium Production (Jul.) Global aluminium production remained in the doldrums in July. We had previously expected smelter ramp-ups and lower input costs to spur a recovery in China’s output in the second half of 2019. But... 20th August 2019 · 2 mins read
Metals Data Response Global Steel Production (Jun.) Faltering demand from the Chinese construction sector should mean that the recent downturn in global steel output growth should gather pace in the months ahead. 26th July 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Jun.) Global aluminium output slumped in June, as a sharp fall in Chinese output outweighed increases elsewhere. But putting this month’s reading to one side, there are now clear signs that global aluminium... 22nd July 2019 · 2 mins read
Metals Data Response Global Aluminium Production (May) Global aluminium production was unable to shake off its recent malaise in May. That said, lower input costs could offer some support to output this year. But regardless of any supply developments, our... 20th June 2019 · 1 min read
Metals Data Response Global Aluminium Production (Apr.) April’s aluminium production data and the recent closure of Chinese alumina refineries suggest that the rebound in global primary supply growth that we had expected may be postponed. Despite this, we... 20th May 2019 · 1 min read
Metals Data Response Global Steel Production (Mar.) The strength of global steel production in the first quarter looks unsustainable given that we think global economic activity will remain subdued. What’s more, high iron ore prices are undermining... 29th April 2019 · 1 min read
