Global manufacturing decline weighs on minerals demand

• Autores: Industrial Minerals
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 612, 2019 (Ejemplar dedicado a: Septiembre)
• Idioma: inglés
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• Resumen

  • “Production and new order intakes declined further, because conditions in many domestic markets remained soft and international trade volumes continued to contract,” the JP Morgan PMI commentary said. Industrial mineral exporters to the UK said that they could not predict demand levels over the coming months, because sudden policy moves on Brexit could trigger a mass change in importers’ behavior, while the continuing uncertainty will leave businesses to make individual decisions on stock levels. On August 1, new UK Prime Minister Boris Johnson announced plans to create as many as 10 freeports to avoid the likely increase in costs and bureaucracy associated with physical goods trading if the UK does indeed leave the EU single market.