Of particular interest this week:

FOMC – ending stimulus.

PBOChina – to cut lending rates ó stimulus

ECB – hinting at stimulus.

World Steel – yr-on-Yr +ve growth but at a slower (monthly) rate.

 SUMMARY

Copper  – The Antamina strike (Peru) has been declared illegal.

Nickel  – Ni prices second weekly advance.  Indonesian export ban upheld.

Zinc & Lead  – Zn prices continue to increase, supply constrained by closures.  MTA’s Kroussou project – Gabon.

Tin  – Tin mines in Britain looking for a re-birth?

Aluminium  – Bauxite mines in Malaysia, to fill the gap(?) in China.

Gold  – FOMC ending stimulus.  PBoC to cut lending rates.  ECB hints at a fresh stimulus.

Platinum & Palladium  – Major producers joining to promote Pt as an investment asset.

Oil  – OPEC  to meet on 27 November.  Potential for supply cut to support prices.

Coal  – TIG’s BFS.  RIO’s Hunter approval.  Kalimantan’s river levels.  Indian PS coal inventories.

Iron Ore  – Iron ore price down.  Roy Hill pushes onward.

Shipping  – Chinese imports of iron ore and coal reduced in October.

General

World Steel – production continues to grow yr-on-yr (but at a slower rate than in Sept).

USA – New Housing Starts – strong growth.

USA – Industrial Production & Capacity Utilisation – still has moderate growth.

Germany – Industrial Production and Orders to Durables and Industry.