Of particular note this week:
Pinch-point updates: solid outlook – tightening.
Copper: Indian growth to contribute to Cu growth.
Oil: the “death of oil” has been exaggerated.
Gold Supply-Demand Trends
Iron ore: Beware of simple observation of China’s iron ore imports fall for October.
Copper Cu demand forecast to jump within five years. Indian growth to contribute strongly.
Nickel Terrafame Ni-Co (Finland) to commence production 2020.
Zinc & Lead MMG – Dugald River; MCT – Admiral Bay; Glencore restarts not likely to upset market tightness.
Tin Tinka Resources updated Zn-In-Ag-Pb, and Sn-Cu-Ag Resources in Peru.
Aluminium China’s Al cut policy may not be as strong as initially expected.
Gold World Gold org – Demand and Supply Trends: Demand down in Sept17Qtr.
Platinum & Palladium Will Pt substitute back for Pd at or near price parity?
Oil Mythical assumptions about the ‘end-of-oil’ abound, but do not stack up.
Coal HCC prices holding surprisingly well, in a tightly balanced market.
Iron Ore China’s October iron ore imports down, but compensated by September pre-deliveries.
Shipping Cape and Panamax rates reduced this week.
Pinch-point updates: Cu, Zn, Ni: All three prices and inventories tightening this week.
USA: PMI – solid.
Baker Hughes Rig Counts: lagging oil prices. USA clearly the swing producer.