Of particular interest this week:

World Steel – positive output growth

China – Industrial and Energy Output– positive output growth.


Copper  New electric power supply arrangements may boost DRC’s Cu & Co output.

Nickel  Philippines still threatens supply (from new mines).  Ministerial confirmation hearing underway.

Zinc & Lead  RVR has resumed mining at Thalanga.  VMC drilled thick Zn mineralisation at Pincher Well.

Tin  SRZ drilling for Resource upgrades at Lower Queen Hill.

Aluminium  Worlds’ largest Al producer China Hongqiao is charged with accounting fraud.

Gold  The ‘bio-geochemical cycle of gold’, may lead to new exploration tools.

Platinum & Palladium  Zimplats reported a profit leap, though mostly from trading in T-bonds.

Oil  The ‘easy oil is gone’ is not correct, rather it is only correct if one stays in one spot.

Coal  Coming rainy season in east and south China will cool demand for coking coal next month.

Iron Ore  BHP has port approvals to increase output.  Iron ore price forecasts circa USD 60/t fob.

Shipping  Reduced shipping rates attributed to reduced activity by China.

World Steel
:  Output is growing at most levels, with few countries with negative.

China – Industrial & Energy Output:  Broadly positive growth.

USA – Housing Starts: positive growth.  Bodes well for industrial production.

USA – Durable Goods, Vehicles, Electronic goods: