Comments of particular interest are noted with ‘*’.
*Copper Pakistan’s military to take a key role in development of Reko Diq.
*Cobalt Sector investors may not appreciate how quickly EVs are being adopted.
*Nickel Nickel Sulphate: demand growth to be driven by the auto and chemicals industries.
*Zinc & Lead Namibian Zn refinery suspends operations. Global Pb markets to be in ‘sizable’ deficit for 2019.
Tin Reduced Chinese consumption in 2018 was offset by consumption in the rest of the world.
Aluminium Venezuela: no power, no aluminium.
Gold USD gold price fell against others, so at least USD gold price increased.
Platinum & Palladium Pd price at record levels. Russia considered export bans for Pd.
*Oil Price gains limited by concerns of rising USA production. OPEC meeting this (16-17th) weekend.
Coal Australian HCC exports continue to be stable. Outlook on China ports still uncertain.
Iron Ore India’s iron ore imports up significantly in 9mo to Dec18. Exports also decreased markedly.
Shipping Capesize rates recovered.
*Japan LNG prices : prices may be about to bottom, though perhaps not just yet.
*USA & Australia – bond yields: curves approaching inversion.
*China Industrial and Energy Output: Strong growth in electricity, gas, batteries, glass.