Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Shipments of iron ore, steel, aluminum, and copper exported from Colombia declined in both value and volume in the January-November from a year ago, according to data from Colombia’s National Administrative Department of Statistics (Dane).


Iron ore and steel exports fell by 12.8pc to 156,510mt in January-November from 179,513mt shipped in the same period of 2019 while its value dropped by 22.3pc to $461,841 from $594,687 in the same period. Copper shipments also decreased by 21.1pc to 27,255mt in the first 11 months of 2020 against 34,527mt in the prior-year period while value declined by 19.6pc to $137,002 from $170,503 in the same period of 2019.


Colombia’s aluminum export volumes were down 11.5pc to 63,479mt in January-November from 71,713mt in the same period last year, with the value of these exports short by 9.8pc to $289,840 from $321,153 in the same period under comparison. Meanwhile, ferronickel shipments in this period were short by 7.7pc on an annual basis to 111,921mt (worth $384,293) compared with 121,244mt (worth $463,789)


Colombia’s crude steel output decreased by 22.6pc to 95,699mt in October 2020 from 123,662mt produced in the same month of 2019.


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