The European Automobile Manufacturers' Association (ACEA) is forecasting a 25pc drop in new passenger car sales in the EU this year as result of the Covid-19 pandemic.

Lower-grade iron ore contract prices will narrow or erase discounts in July, as spot differentials have gained further support from supply disruptions, product upgrades and margin pressures.

Japanese auto manufacturer Mazda is planning to restart two-shift production at all of its four domestic assembly plants in July to gradually restore output from Covid-19 lows.

Global crude steel production in May down 8.7% on year due to coronavirus crisis: worldsteel

Analysis: Vale's monthly iron ore shipments indicate supply shortfall may persist

New iron ore trading platform launched in China with seven trades

OZ Minerals to buy Cassini Resources

Two decades after Los Frailes tailings accident, Guadiamar River shows signs of recovery