Of particular note this week:
Copper: solid outlook
Nickel: stronger focus on battery metal properties. Segmented supply means some nickel production does not all serve batteries well.
ICE vs EV cars outlook: The (imminent) death of ICE has been exaggerated
Oil: OPEC will likely extend restrictions beyond March 18.
Copper Outlook on copper. Solid fundamentals leading to deficits through next year. Ethical supply issue.
Zinc & Lead Glencore says market is s till to volatile to restart its idled capacity. (Pinch-point graph showing price response to low inventory).
Tin Tin demand growing. A key issue is sourcing ethical supply.
Aluminium Scepticism on scale of Chinese production cuts.
Gold Prices largely driven by currencies this week. Novo Resources sparks run on metal detectors.
Platinum & Palladium World Bank forecasts increasing Pt prices.
Oil Russia and Saudi Arabia support an extension of OPEC restrictions (from March 18).
Coal Supply shortfalls looming.
Iron Ore World Bank forecasts iron ore price to fall, while UBS forecasts stable avg price, through winter.
Shipping Shipping daily charges were stable wk-on-wk.
ICE vs EV cars growth forecasts: The imminent death of ICE is exaggerated.
Pinch-point graphs (Cu, Zn, Ni) – updated: improving with tighter markets.
World Steel: +6% yr-on-yr growth and avg daily growth rate of +1%.
USA Durable Goods, Vehicles, Computers & Electronics: solid growth.
Singapore Ship Traffic: good growth, bulks, tankers containers.