Of particular interest this week:

Indonesia:  references to the bans on exports of unprocessed ores, concentrates. Copper Nickel, & Tin.

Iron ore: Chinese output shrinking heavily.

Coal:  Thermal prices increasing.  Issues with Indonesian royalties, river transport.

Coal:  Australian thermal coal  is tight short term.  Indonesia changing the quality rules (again).

SUMMARY

Copper  Freeport Indonesia commits to build a Cu smelter, to retain its export permit.

Nickel  Indonesian companies (2x) to build nickel-pig iron smelters.

Zinc & Lead  Sabre Resources – Zn-Pb discovery.  Heron Resources – Woodlawn (Cu-Zn) mine.

Tin  Indonesia:  Plan to suspend tin exports to prop up the LME prices.  Not likely to work.

Aluminium  China targeting aluminium oversupply.

Gold  Demand for gold hit 5 yr low in 2014, having fallen annually since peaking in 2011.

Platinum & Palladium  Zimbabwe National Army to control development of a USD 4.8 billion Pt mine.

Oil  Libya (NOC) will shut onshore production if attacks continue.

Coal  Asian coking coal demand up 7.7% in 2014.  Japanese thermal consumers joining forces.

Iron Ore  Chinese iron ore production shrinking heavily (at current prices).

Shipping  

General  Port of Singapore shipping:  Traffic for bulks and tankers high but less than last year’s records.