Of particular interest this week:
CRU: The global economy is still fairly fragile. Though outlook for most commodities is improved by 2019-20, with some achieving earlier recognition. Moody’s have raised their outlook for commodities.
Steel: weak yr-on-yr growth for July.
Copper Moody’s raised outlook for global base metals from negative to stable.
Nickel Price down as impact of Philippine crackdown is likely to be less than feared.
Zinc & Lead Marindi Metals (MZN) increases Zn exposure.
Tin Alphamin’s proposed Bisie mine, against the odds.
Aluminium China plans to increase domestic Al demand by 18% within 3 yrs.
Gold Indian festive season contributes to improved (domestic) gold prices.
Platinum & Palladium Sibanye Gold is considering the future of its platinum mines.
Oil Saudi and OPEC might propose a production freeze, which may have little effect.
Coal Spot HCC prices higher still. Shenua’s Watermark project under pressure.
Iron Ore Samarco’s mine to restart mid-2017. Iron ore prices weakened on slow Chinese capacity cut plans.
Shipping Baltic indices increased this week.
World Steel: positive annual growth, but slower rates in July than June.