CONTAINERBOARD INDUSTRY – – IP AND WRK ENJOY HIGHER PRICE REALIZATIONS WITH NEW 2019 LARGER CUSTOMER CONTRACTS AND FEWER EXPORT TONS 5/6/2019

DETOUR GOLD – – RESTORED AS OVERWEIGHT AFTER STRONG MARCH QUARTER WITH IMPROVED COSTS, AND ALSO SHARE PRICE DECLINE 5/3/2019

U.S. STEEL HIGHER 2019 CONTRACT PRICES OFFSET VERY LITTLE OF THE PLUNGE IN SPOT PRICES AND SLOVAK MARGINS FALL DEEPLY WITH HIGHER PURCHASED IRON ORE PRICES

METALS EXPANSIONS- – VOLUME 47 WE TABULATE 21 NEW METALS PLANTS AND 7 SHUT OR DELAYED IN APRIL 2019; EXPANSIONS MOSTLY ARE STEEL & COPPER, AND OUTAGES IRON ORE 5/1/2019

ARCONIC TRANSITIONS TO FLAT-ROLLED AND ENGINEERED PRODUCTS & FORGINGS SPINOFFSFOLLOWS “SLOW LIQUIDATION” STRATEGY 4/30/2019

SOUTHERN COPPER: COPPER PRICES LOWER THAN PAST ESTIMATES; CAP EX HIGHER; SOME PROJECTS A LITTLE SLOWER; EXECUTION DRIVES TIMING OF GROWTH TO 2025 4/29/2019