Metal inventories continue to decrease, tightening base metal markets.
Chinese output continues to be strongest in consumer items, plus with +ve growth in energy consumption.
This week’s comments of particular interest are noted with ‘*’.
Copper Teck is to choose a development partner for Quebrada Blanca.
Cobalt Co prices are recovering. LME Co contracts are not very liquid.
Nickel WSA has approved the development of Odysseus, following completion of its DFS.
Zinc & Lead PEX’ drilling intersected very high grades at Southern Nights.
Tin Inventories increased. Watch ShFE for trends.
Aluminium Chinese Al output down for a third consecutive month.
Gold Eastern European and Central Asia’s central banks are buying gold.
Platinum & Palladium Changes to the definition of a kilogram.
Oil Expectations that OPEC will reduce production at its meeting on 6 Dec.
Coal Global coal demand is forecast to remain flat till 2025.
Iron Ore Looming winter months in China expected to slow construction, alongside auto production.
Shipping Cape rates fell heavily. Panamax rates reduced.
Singapore Shipping: ongoing +ve growth in containers, plus bulk and tankers.
China – Industrial & Energy Output: +ve growth in energy, and consumer items.