Of particular interest this week:

The whole resources market is becoming more lively, and of interest this week. 

Try Cu, Ni, Pb, Al, Au, Oil, coal and iron ore.   

Plus the US PMI is rather strong now too! 

 SUMMARY  

Copper  About 15% of annual copper production will be subject to wage negotiations in 2017.  

Nickel  A policy direction of banning ore exports will not by itself create a domestic processing industry. 

Zinc & Lead  Attila Resources to take over the Century mine.   ‘Stop-Start’ car batteries

Tin  MLX contemplating tailings retreatment. 

Aluminium  30x northern Chinese cities to cut Al capacity by 30%.  

Gold  Federal Reserve indicate rate hikes.  But pay attention to correlations.  

Platinum & Palladium  Zimbabwe pushing plans for smelters. 

Oil  Russian output has not changed for February, a sign of weak compliance.

Coal  Met and thermal coal trade is brisk.  African demand to grow. 

Iron Ore  China’s crude steel demand forecast to be stable in 2017.

Shipping  Start of agricultural shipping season (Panamax). 

General 

USA – Purchasing Managers’ Index – strong outlook.