Indian steel demand expected to drop 7.7% in 2020
Demand has been hit by slowdowns in the construction, automotive and rail sectors as India fights the coronavirus with a protracted lockdown.
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New gas storage method makes cell-powered vehicles more viable
US researchers designed porous materials that allow for better storage of hydrogen and methane in clean energy vehicles.
Mining projects to slow further in Q2 2020
GlobalData reported the progress of 35 mines under construction globally was disrupted due to lockdowns.
Coronavirus distress is M&A opportunity for Rio, rivals
After years of buying at the peak of the economic cycle and selling in the trough, the world’s big diggers could do the reverse.
Zinc supply cuts outstripped by demand destruction from coronavirus
BMO estimates global zinc demand will fall by about 6% this year.
Precipitate closes Barrick financing, stock up
Shares of Precipitate Gold rose to a six-week high early on Friday.
Nervous bankers leave the gold market stuck in disconnect
Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync.
Newmont to reopen some Canadian, South American mines in ‘days or weeks’
Authorities in Buenos Aires and Quebec have lifted restrictions around mining which they have deemed as an “essential service”.
The global airline shutdown has a surprise victim: gold miners
Producers typically rely on regular airline services to ferry mined metal.