RS Metrics

RS Metrics is the market-leading company for satellite imagery and geospatial analytics for businesses and investors. Its proprietary, patented technology leverages advanced computer vision and machine learning to extract meaningful and ready-to-use data from a variety of location-based sources, providing predictive analytics, alerts, and end-user applications for decision making in financial services, real estate, retail, industrials, metals, government, and academic research.

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Chinese metal production continues decline despite quarantine lift

From RS Metrics

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:

China copper production decreased 11% m-o-m for March
Aluminum production decreased 14% m-o-m for March

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.

March 30, 2023 / Business