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

Taiwan’s industrial production index rose by 13.6pc in April to 124.78 from a year ago. In April, manufacturing output grew by 14pc, while mining and quarrying rose by 5.13pc, according to data released by the Ministry of Economic Affairs. Increasing demand for semiconductor and electronics driven by lockdowns and restrictions to control the COVID-19 pandemic, globally, is supporting the Taiwanese economy.  


Manufacturing activities in Taiwan have remained unimpacted by the recent spike in COVID-19 cases and production remains normal, stated a ministry official. A continued rise in overseas demand is supporting the growth of the country’s manufacturing sector.


Base metal production increased by 15.94pc from the prior year but was down by 4.41 from March.


Taiwan’s auto and auto component production rose by 33.8pc from a year ago, while down by 8.6pc from March.  


Among industrial divisions, electricity and gas supply increased by 7pc and water supply fell by 2.4pc from the prior April. Petroleum and coal production rose by 3.2pc from a year ago, while down by 6.9pc from March.


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