Copper China assures Zambia that its demand growth will support Cu prices. Cu is a major part of Zambia’s economy.
Nickel Nickel prices up strongly in April, as Indonesian edicts begin to bite.
Zinc & Lead Horsehead closed Zn operations. Fortune Minerals to develop new Au-Co, Bi, Cu project. Bi is becoming a substitute for lead in applications where toxicity reduction is sought.
Tin Gobal tin output has declined, with no new capacity until after 2014.
Aluminium Steel is likely to continue as the metal of choice for most auto-manufacturers.
Gold DRC sees opening of the Kibali gold mine, one of Africa’s largest. .
Platinum & Palladium Prices are expected to increase as impact of protracted strike feeds through.
Oil Strong US jobs data and increased Ukraine tensions have supported prices.
Coal Major met-coal producers increased output. USA thermal supply is tight, imports are increasing. Indonesian thermal coal output has increased.
Iron Ore Shipments from Port Hedland in April at record levels (again).
Shipping Cape-rates slowed but Panamax rates recovered slightly.
Graphite: New production from South Australia. Increased use of Li-batteries will increase demand for graphite.
USA: PMI points to stronger growth. Construction Spending growth continues.
Japan: Industrial Production recovery continues good growth.