Of particular interest this week:
Currency: CHF removes link to EUR (p.3)
Port of Singapore: Traffic reflecting slowdown in Asia. (pp.1-2)
World Bank: Economic growth comments (p.8)
Iron Ore: Forecasts of price recovery in the Dec15HY. (p.20)
SUMMARY
Copper – Cu prices are recovering from lows upon announced Chinese stimulus plans .
Nickel – Mincor (MCR) announced strong Ni intercepts at its Cassini prospect.
Zinc & Lead – MMG advancing Las Bambas Cu, and Golden Grove (Zn). Ivernia suspending Paroo Stn (Pb).
Tin – ITRI seeking out niche uses for Sn, including pollution controls.
Aluminium – Alcoa confident of aluminium demand growth for 2015.
Gold – Kingsgate’s Chatree mine has suspended operations.
Platinum & Palladium – Northam Platinum suspended Zondereinde mine operations, with strikes under way.
Oil – US Congress to consider oil export ban and the Keystone XL pipeline.
Coal – An active week in Newcastle thermal coal. Indonesian shipments to China have reduced.
Iron Ore – Prices forecast to rebound during latter HY of 2015.
Shipping – After last week’s multi-year lows shipping rates have increased slightly.
General – Singapore shipping reflects slower economic activity in early 2015.
nb: new tables of Interest Rates & other Asian foreign exchange data