February 11, 2022

The ongoing trucker blockade over COVID-19 vaccination mandates at the Ambassador Bridge border crossing between Detroit MI and Windsor Ontario has led to full or partial production cuts by Ford, General Motors, Toyota and Stellantis (formerly Chrysler). This includes reducing schedules, eliminating second shift production, or complete work stoppages. All four companies cite part shortages for the rollback in production. These companies have already had production problems and cutbacks due to a semiconductor shortage. Demand and prices for steel, aluminum, copper and other base metals might fall if the blockade continues. (2/11/2022)  

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Price Indications

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AEGIS Insights

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01/10/2022: Section 232 Tariffs: Most relevant developments (AEGIS Reference)

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Important Headlines & Economic Data

AISI Steel Capability Utilization Rate

Investing.com Economic Calendar 

2/8/2022: Aluminium output stable in China's Baise amid lockdown but logistics under pressure

2/8/2022: Aluminium touches near 4-month peak on supply woes

2/7/2022: EXCLUSIVE Mining activity at Peru's Las Bambas tumbles amid blockade -data, source

2/7/2022: MMG to halt Las Bambas copper mine amid fresh blockade

2/4/2022: Peru copper output up almost 7% despite social unrest

2/4/2022: Chip shortage forces Ford to cut production of F-150, Bronco and other important vehicles