Before we get into the weekend, let’s take a look at the week that has unfolded and metals news here on MetalMiner, including iron ore volatility, rare earth production quotas in China and much more:

We provide timely emails with exclusive analyst commentary and best practice advice. Register here.

Week of May 31 to June 4 (iron ore volatility, rare earth quotas and more)

• First, MetalMiner’s Stuart Burns on how carbon emissions initiatives are changing business strategies.
• Meanwhile, personal consumption spending in the United States rose 0.5% in April, the Bureau of Economic Analysis reported.
• Burns on the COVID-19 crisis in Peru, the world’s second largest producer of copper.
• The iron ore market has been characterized by significant volatility.
• In addition, China’s massive iron ore imports have posed a problem for small Indian steel producers.
• US steel capacity utilization reached 81.5% last week, the American Iron and Steel Institute reported.
• Hot-rolled coil prices continue to rise in Western Europe, said Christopher Rivituso.
• General Motors has announced plans to increase deliveries to US and Canadian customers.
• Prices for rare earth oxides have fallen as Beijing relaxed production quotas.
• Finally, non-farm payroll employment in the United States increased by 559,000 in May, the Bureau of Labor Statistics reported.

Each month MetalMiner hosts a webinar on a specific topic on metals. Explore upcoming webinars and sign up for each on the MetalMiner events page.