Of particular interest this week:
China – industry output
Oil – Canadian challenges.
Copper – watch inventories.
Copper LME Cu inventories forecast to jump by 50% in July, as Peru’s mine supply increases.
Nickel IPT to drill Mulga Tank (Ni) project.
Zinc & Lead Variscan Mines (VAR)’s Maiden VMS Resource for Porte-aux-Moines. Pacorini name change.
Tin Investors into Myanmar need to re-evaluate their relationship(s) with the prior regime.
Aluminium Bauxite supply to China is still evolving.
Gold China’s resources burn rate is high. An efficient domestic exploration industry is needed.
Platinum & Palladium Platinum jewellery gaining favour in India.
Oil Canadian oil-sands producers face serious challenges. OPEC expects balance by year end.
Coal Indian steel mills contract increased HCC volumes, prices yet to be settled.
Iron Ore Price steadied near USD 50/t CFR. Expect a (northern) summer slowdown ahead.
Shipping Increased capesize trading activity in the Pacific.
World Energy consumption: an update on consumption patterns.
USA – New House Starts: positive growth continues.
USA- Industrial Production & Capacity Utilisation: both still declining.
China – Output of Industrial & Energy products: mixed results, with ? a leaning toward consumption.