Of particular interest this week:
OECD: Composite Leading Indicators (October data)
Zinc: IPT strong results near Broken Hill
Coal: Mar16 Qtr benchmark prices for HCC & LVPCI
Oil: Expect low prices for longer
SUMMARY
Copper Nautilus Minerals agreed offtake with China’s Tongling Non-Fe for sea-floor Cu mining off PNG.
Nickel OZL agreement to JV with TOE on Ni exploration near Lake Maitland (WA).
Zinc & Lead Impact Minerals (IPT) – strong Zn results near Broken Hill.
Tin Indonesian Sn exports forecast to decline in 2016.
Aluminium Jaguar to increase Al content of its 2016 SUV.
Gold Indians believe the low Au price will stimulate buying. Wedding Season in progress.
Platinum & Palladium South African mines becoming more mechanised. Upbeat outlook for Pt.
Oil Expect low oil prices for longer.
Coal Benchmark HCC and LVPCI established for March16Qtr. ChaFTA in effect from 20 Dec.
Iron Ore BCI announced suspension of operations by end January. Pt Hedland shipments.
Shipping River Rhine water levels low again.
General
Australia – TWI new-Weights (2015) – little change on 2014
OECD – Composite Leading Indicators – Indications of future economic growth
USA –Construction Spending – strong growth continues
Japan – Industrial Production – unchanged