Of particular interest this week:
Australia Exploration Spending – down! but some segments starting to recover
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.
Australia – Exploration spending – down for the Dec Qtr. Minerals may be stabilising.
USA – PMI – improving
USA – Construction Spending – strong growth
Japan – Industrial Production – slower