World Gold – China transport
Comments of particular interest are noted with ‘*’.
The world’s equity and commodity markets appear to collectively be taking long and deep breaths.
Concerns ahead include:
- The USA election, for which many are now believing Biden’s lead is large enough to provide a victory”
- Covid-19 infection numbers (and deaths) continue to grow in USA, Europe, India and South America (Brazil). ,
- Gold price is awaiting some clearer direction: We believe there is some optimism for recovery stimuli being promoted, and partly a stronger USD (this week).
- Base metals are jostling for recognition of market conditions, but the world markets are distracted by more noisy and volatile activities at present.
- Fundamentals for most base metals remain strong. … with the market largely waiting for a long heralded demand pickup.
- Oil markets are struggling at low prices, driven by broadly lower demand.
- Industrially China (and parts of Asia) are recovering, while recovery in the rest of the world is a struggle.
Copper Surging coronavirus infection rates dampen outlook for (USA, Euro, et al) economic recoveries.
Cobalt COB project status listed in Australian Critical Minerals prospectus..
Nickel Supply issues – Philippines & Australia (WSA).
Zinc & Lead Comparison of trade conditions for ‘sister’ metals Zn & Pb.
Tin AVZ discusses proposal for a Special Economic Zone in DRC!.
Aluminium China’s Al juggernaut … running out of road?
Gold Price stabilising? No shortage of potential triggers.
Platinum & Palladium EV gains in mkt share not likely to be as fast as expected..
Oil OPEC oil output rising. Strong demand growth from China & India.
Coal China restrictions on Australian exports still look uncertain as to relaxation.
Iron Ore China’s steel output set to breach 1 billion tonnes this year!
Shipping Cape rates up, Panamax rates down this week.
World Gold Council: Global gold trade trends show reactions to Covid & elections.
China – freight & Passenger traffic: While recovering, levels are still well below pre-covid levels.
USA Yield Curves: The financial markets do not appear optimistic for about the next three years.