Of particular interest this week:

Australia Exploration Spending – down! but some segments starting to recover

SUMMARY

Copper  Shanghai Exchange inventories higher than LME’s.

Nickel  QNI may close within days.

Zinc & Lead  Cu, Al, Zn optimism for global growth.

Tin  A new tin mine for DRC.

Aluminium  Venezuela aluminium output down.

Gold  Invest in gold miners, not in gold.

Platinum & Palladium  WPIC forecasts a Pt deficit for 2016.

Oil  Cheap oil means shipping via Cape of Good Hope may be preferred over a Suez passage.

Coal  June16Qtr coking coal benchmark talks start this week in Japan.  Not a simple discussion.

Iron Ore  Expectations of China stimuli are boosting price movements.  Pt Hedland shipments up in Feb.

Shipping  Cape rates down, Panamax up this week.

General  

Australia – Exploration spending – down for the Dec Qtr.  Minerals may be stabilising.

USA – PMI – improving

USA – Construction Spending – strong growth

Japan – Industrial Production – slower