SUMMARY
Copper – Rockaways (NY) to lose copper wiring phone system infrastructure.
Nickel – New Caledonia to permit Goro to resume production.
Zinc & Lead – Dugald River deposit moving toward development, by MMG.
Tin – Tin market to tighten up markedly in a couple of years, as Peru & China exhaust high grade ore. .
Aluminium – BHP considering job cuts at Worsley. .
Gold – Shanghai Gold Exchange approved by the Central bank. It is the biggest physical gold exchange.
Platinum & Palladium – Strike unresolved. Lonmin said to be the most financially fragile. .
Oil – Thai tanker hijacked? Kurdish oil output seeking home(s). Potential for stoush with Baghdad.
Coal – Prelim talks on Sept14 Qtr met-coal started. Indonesia to revise DMO. Aust Take-or-Pay issues.
Iron Ore – Industry’s producers believe iron ore price dip not sustainable near term.
Shipping – Pressure on Capes & Panamax, though some upward expectations hinted at. .
General
Japan: Orders to Machinery saw a small decline, but sub-segments had widely varied growth.
Japan: Industrial Production growth is positive but slower than recent months.
USA: Durable Goods orders up well, Vehicles a small increase & Electronics & Computers steady and slow.
China: Transport data shows continued growth in passenger traffic, but different rates in freight segments.