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

Argentina’s industrial capacity was at 64.9pc in June, up from 53.3pc during the same month in 2020, the Argentine National Statistics Institute (INDEC) reported.


The data released on Aug 11 indicated that the Basic metals industry was leading the growth with an increase to 78.2pc in June against 48.4pc in June 2020. INDEC attributed the growth to increased production of crude steel citing Argentine Steel Chamber data that noted a 66pc jump in crude steel production during the month under review.


The metals and mining industry also increased output during the month under review growing to 74.2pc of its capacity utilization compared to 61.8pc in June 2020.


However, the automobile industry reflected the lowest capacity utilization due to the ongoing semiconductor chip shortage that has impacted vehicle production globally. Still, this industry grew more than two-fold to 51.9pc in June against 23pc during the same period last year.

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