Of particular interest this week:

Indonesia: may relax its rules on export of concentrates, for copper.

Iron ore: Chinese output shrinking heavily.

Rolls Royce:  to make an Al-chassis SUV.

Saudi’s Stand:  Morphing away from a swing producer into a low-cash cost role.

USA:  economic readings indicate steady growth.



Copper  Indonesia may relax / vary its laws on building smelters for copper concentrates.

Nickel  Seeking catalysts such as decline in LME inventory.  May be starting to turn now?

Zinc & Lead  Zinc inventories continue to decline.  The market looks forward to impact of mine closures.

Tin  Indonesian producers embark on yet another quota-based attempt to boost tin prices.

Aluminium  Rolls Royce to make a ‘SUV’ with an aluminium chassis.

Gold  FOMC minutes cautious tone.  Potential for Australian M&A.

Platinum & Palladium  Demand for Pt for diesel is under threat.

Oil  Saudi is morphing away from a swing producer role, to a role befitting its lower cash cost position.

Coal  Meek recovery for HCC in 2015.  Aust. thermal negotiations lifting targets.  Indonesia-coal royalties.

Iron  Ore  China to relax its Vale-max restrictions, benefitting Vale.

Shipping  Chinese New Year period:  Commodity markets slow.  Capesize rates down.  Panamax up.


USA:  New Housing Starts – +ve growth continues.
Industrial Production – steady growth.
Capacity Utilisation

Japan: – Electricity Demand – reduced total demand.

World Steel: – reduced output in January for most producers.