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.
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.
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.