Of particular note this week:
Copper: Increased project investment interest.
Zinc: emerging mines
Nickel: forecast widening deficits.
Platinum-Palladium: Pd above parity with Pt.
Oil: OPEC restraint likely needed beyond March.
Copper Increased Cu prices may be leading a surge in interest in Peruvian auction for a major Cu project.
Nickel Prices reacting for forecasts of widening Ni deficits.
Zinc & Lead Thalanga (RVR), Dugald River (MMG), Century (NCZ), Wagga Tank (PEX) & Abra (G1A).
Tin New ultra-thin metal oxide compounds of galinstan (Ga, In & Sn) developed.
Aluminium China’s output of Al continues to fall, but on track for record high.
Gold India launching its first options contracts on its Multi-Commodity Exchange (MCX).
Platinum & Palladium Pd again at a premium to Pt. Robust new vehicle sales in USA and China this year.
Oil Forecasts suggest (OPEC et al) output restraints will be required beyond March.
Coal Met coal price falls continue beyond Golden Week. Thermal prices improve.
Iron Ore China’s steel output falling ahead of winter restrictions. Congress’ emphasis on pollution control.
Shipping Asian freight rates continue strong performance.
USA New House Starts: strong uptick
USA Industrial Production & Capacity Utilisation: +ve growth. Resources stronger than Mfg
World Steel – short run outlook – Steel Use: Growth is outside China.