FW

Happy New Year from Matau Advisory!

Of particular note this week:

 Oil:   comments on market balance forces.

Base metals (Cu, Zn, Ni)  pinch points – everything is tightening a bit more.

Gold :  Analysts’ opinions are split.

 SUMMARY  

Copper  Prices at over 3 yr highs.  China’s smelter production cuts.

Nickel  Ni metal trade slow.   China – economy comments.

Zinc & Lead  Alta Zinc (ATI) – Gorno project.   Perilya – North Mine restart approved.

Tin  Global Sn market – comments.

Aluminium  China – false data used to avoid smelter closures in Shandong.

Gold  Price outlook – analysts opinions split.

Platinum & Palladium  Amplats has nearly completed its Zimbabwe smelter.

Oil  Comments on forces on market balance.

Coal  Metallurgical coal prices again stronger.  Hebei province to close more mines.

Iron Ore  Iron ore price surge.

Shipping  Demand may be down this week, but overall remains strong.

General 

Japan – Industrial Production:  solid positive growth.

Base metal Pinch-Point graph updates:  .Everything is tightening.