Despite all the geopolitical uncertainty, the world appears to be reporting good economic growth, volatile rhetoric, but reasonably consistent growth.
Of particular note this week read those items below marked with “*”:
Copper Global Cu mkt to expand by cagr 4.9% to 2023.
Nickel Cobalt 27 acquiring Co & Ni streams from Ramu.
Zinc* & Lead* Spot Zn TCs increased. Small Co’s make progress: RVR, NCZ, G1A & AOU.
Tin AfriTin Mining to source cassiterite ore from artisans.
Aluminium Russian oligarch Oleg Deripaska has resigned from the board of Rusal.
Gold Price supported by minutes from US Fed’s May meeting. Sales up on the Megan Markle effect.
Platinum & Palladium Platinum, the best metal to hold diamonds and precious gemstones.
Oil* Riyadh and Moscow are prepared to ease output cuts, to assure supply and reduce prices.
Coal* Supply constraints in all directions.
Iron Ore* Iron ore exchange contracts under some scrutiny.
Shipping Cape rates down on low coal demand but Panamax rates up.
Pinch-Point updates – Cu, Zn, Ni, Pb, Sn, Al: … tight, in various degrees.
USA – Durable Goods, Vehicles, Computers & Electronics: good growth.