Satellite data provider, RS Metrics, reports that in spite of manufacturing activity rebounding in China for March after a dramatic contraction in February, metal production tracked using satellite analytics shows a continued decline in March which is also extending into April.
RS Metrics is seeing the following based on its analytics:
All eyes are focused on China as the world gauges what a post COVID-19 world might look like. According to the data, the reopening of Chinese businesses and the easing of travel restrictions has not yet rippled through to copper and aluminum production.
To learn more about the data behind this article and what RS Metrics has to offer, visit https://rsmetrics.com/.
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