Of particular interest this week:
Iron ore – Pt Hedland record output, Nigeria building rail lines.
Nickel – Indonesia to relax export regulations.
Oil: gains by OPEC may be dampened by USA.
USA & Japan – good economic news.
Copper Sentiment boosted by strong manufacturing data from USA and China.
Nickel Draft Indonesian regulations opens way for exports of bauxite, Ni ores and other concentrates.
Zinc & Lead Sun Metals, zinc smelter at Townsville, to build a 100 MW solar plant to augment power supply.
Tin China importing after idling domestic capacity … which may be restarted as Myanmar slows output.
Aluminium Alcoa’s Portland smelter has been an expensive investment for Victoria. … The competitive low power cost advantage has disappeared … where now?
Gold Prices at three week high, as political uncertainties (USA & Europe) proliferate.
Platinum & Palladium Prices have a strong start to 2017, auto-driven.
Oil Outlook for (slightly firmer oil prices). Potential to be cruelled by USA. see Baker Hughes North American rig counts.
Coal Spot HCC and thermal prices down on seasonal lull. China, Indonesia & Germany factors.
Iron Ore Nigeria to construct railway from iron ore projects / mines to port.
Shipping Cape demand is up while Panamax slumped this week.
Port Hedland – iron ore exports: at record levels – Total and to China
USA – Construction Spending: healthy growth rates.
Japan – Industrial Production: highest growth rate since June 2014.