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.
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.
Japan – Industrial Production: solid positive growth.
Base metal Pinch-Point graph updates: .Everything is tightening.