Of particular interest this week:
Singapore shipping – implications for developed economies.
Nickel – Indonesia to relax export regulations (with conditions and limits). Political risk remains high.
Oil: waiting for proof of compliance.
SUMMARY
Copper Cu concentrate TC/RC’s increased. Though watch for potential supply disruptions.
Nickel Indonesian ban on ore exports lifted (with limits and conditions). Political risk is still high.
Zinc & Lead VRX reports good Zn-Cu drill results, extending Salt Ck deposit down plunge.
Tin PT Timah boosting marine mining fleet. Indonesia restructuring holding of state owned miners.
Aluminium USA (Obama) complaint to the WTO regarding China.
Gold Six major trends in the global economy that will support gold demand.
Platinum & Palladium Implats to sell its Cr business to focus on core (Pt-Pd).
Oil Traders await proof that OPEC and other producers are following through.
Coal Met coal loading resumes from Nth Qld. Newcastle shipments in post New Year lull.
Iron Ore China to accelerate elimination of excess steel capacity.
Shipping Cape rates down. Panamax rates stable
General
Port of Singapore Shipping: Container traffic recovery hints at developed economies’ recoveries.