Of particular interest this week:

Copper – production suspended at Grasberg.

Nickel –  price support near USD 17,000/t.

World Steel – August – positive growth (seasonal influences distract Europe).

Japan – selected segments of Orders to Machinery.

USA – Orders to Durable Goods et al

SUMMARY

Copper  – Grassberg suspended production on fatal in-pit collision.

Nickel  – Price supported near USD 17,000/t.

Zinc & Lead – The Hera process plant is on track for Aurelia (AMI)’s first concentrate sales in December.

Tin  – Indonesian Police hunting illegal metal exports.

Aluminium  – Chinese smelters restarting in anticipation of deficits improving prices.

Gold  – India’s festive season (August to Oct) to peak in October.

Platinum & Palladium  – Palladium prices to hinge on stocks behind the ‘state secrets’ veil in Russia.

Oil  – Calls for OPEC to prevent a further slide in oil prices.

Coal  – Dec 14 Qtr HCC & LVPCI benchmark prices set.  Thermal Sept (annual) contract expected soon.

Iron Ore – Chinese avg daily steel output rates up (Sept).  Iron output in Sierra Leone impacted by Ebola.

Shipping – Earnings edged lower for capes and panamax.  Dour outlook.

General – Economics

World Steel – August production – continued positive annual growth, but seasonally slow August.

USA– Orders for Durable Goods, Vehicles, and Computers & Electronics.  Good growth.

Japan – Segments of Orders to Machinery (July data) – mostly good positive growth.