Of particular interest this week:

Australian exploration expenditure to the June Qtr – down heavily on current prices and uncertainty.  Details by commodity and state.
World steel production – August data.
Copper – Chinese plans for solar & wind.


Copper  Chinese demand down 1%.  Plans for major solar & wind capacity will increase demand for Cu.

Nickel  Turning point for Ni market delayed until 2016?

Zinc & Lead  MTA progressing graphite and Zn projects.  IGB negotiating finance and offtake.

Tin  Repairs at the Pitinga mine will hamper capacity there for 9-12 mo.

Aluminium  MMI now must submit a full EIS for Bauxite Hills.

Gold  Gold demand declined in June.  Price fall appears to have renewed investment interest.

Platinum & Palladium  The ‘Volkswagen debacle’ is just that.

Oil  USA drilling declined, and production is beginning to reduce.

Coal  NHC is in M&A mode.   Sept thermal reference contract talks dragging on.

Iron Ore  Vale to cut production costs to USD 13/t.

Shipping  Capesize spot rates lower, driven by China’s iron ore imports.


Australia – Mineral Exploration Expenditure – June Qtr – hampered by uncertainty.

World Steel Production – August

USA – August – Orders to:  Durable Goods, Vehicles, Computers & Electronic Products.

Japan – Electricity Demand – August