Of particular interest this week:
Oil – Breakdown of oil producing nations’ profitability over a range of prices. ó must see!
Iron Ore – price spike to USD 50/t.
Copper China hints at stimulus. CRU says 15% of copper producers lose money at current prices.
Nickel World Bank forecasts further decline in Ni prices.
Zinc & Lead CSIRO study implies additional mineralisation adj McArthur River.
Tin Global refined Sn output to fall in 2016.
Aluminium Indian major Al companies want to ban exports of bauxite.
Gold Australia’s gold production at 12 yr high in 2015.
Platinum & Palladium Pt refining sector challenging Pt miners.
Oil Pipeline outages in Nigeria and Iraq.
Coal Spot met-coal prices increased this week.
Iron Ore Price spike above USD 50 then draw-back, though still a big jump. World Steel output (Jan).
Shipping Capesize rates at a new all-time low.
Oil – Crude Calculations – a graphic display of profits, per oil price point, by country. – revealing!
USA – Sales of Existing Houses, Orders to Durable Goods, Vehicles, & Electronics – still growing.
Japan – Electricity Demand – still slowing.