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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.

April 8, 2020 / Economy

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.