Industrial Metals Update Outlook for sectoral REE demand is positive The market sectors which consume the most rare earths (REEs) are also the ones where demand is expected to grow the most next year. As such, REE demand should strengthen further next year. 20th November 2015 · 1 min read
Metals Data Response Global Aluminium Production (Oct.) According to the International Aluminium Institute, global aluminium output grew by almost 8% y/y in October. Excluding China, output rose by less than 4% y/y. 20th November 2015 · 1 min read
Global Economics Update Time for Dr. Copper to be struck off? The continued slide in the price of copper has added to concerns about global growth. However, the industrial metal’s track record at diagnosing the health of the world economy has actually been shaky... 18th November 2015 · 1 min read
Industrial Metals Update Lower copper price premium may have an upside Given prevailing market conditions, reports that Codelco has cut copper price premiums for 2016 sharply was hardly that surprising. We therefore think the negative market reaction has been overdone... 17th November 2015 · 1 min read
Industrial Metals Update Making sense of the China data A deluge of Chinese data this week has coincided with a renewed slump in most metals prices. However, while the headlines have focused on the negatives, our interpretation of the data is that the... 13th November 2015 · 1 min read
Industrial Metals Update Can protectionism save beleaguered aluminium producers? With profits under pressure, aluminium producers outside China have recently campaigned for protectionist trade measures in an attempt to defend themselves against cheap Chinese imports. However, we... 12th November 2015 · 1 min read
Industrial Metals Update Prices fail to heed fundamentals Ongoing declines in stocks of many LME metals have failed to prevent prices from falling further over the last month. Of course, stocks can be subject to manipulation and may not be an accurate... 11th November 2015 · 1 min read
Commodities Update Unloved copper set to rebound The price of copper is languishing below US$5,000 per tonne, undermined by negative sentiment towards commodities in general and concerns about demand from China in particular. Nonetheless, the... 11th November 2015 · 1 min read
Industrial Metals Update Cobalt supply unlikely to keep pace with demand Demand for cobalt looks set to grow rapidly for the foreseeable future given its use in rechargeable batteries. But the supply outlook is deteriorating, suggesting scope for prices to rally strongly. 10th November 2015 · 1 min read
Metals Data Response Indonesia Tin Exports (Oct.) Indonesia’s tin exports rose strongly in October, but we expect volumes to drop sharply from November as new export regulations take effect. Lower Indonesian production and exports next year should be... 5th November 2015 · 1 min read
Metals Chart Pack Producers have started cutting supply Many metals markets have been in comfortable surplus this year, which has been a factor weighing on prices. However, in October there were signs that supply cuts in response to low prices are starting... 3rd November 2015 · 1 min read
Commodities Chart Pack Supply prospects diverge again Dollar strength and fears about demand, particularly from China, continued to overshadow commodity markets last month, but the biggest moves in prices can largely be explained by supply-side... 2nd November 2015 · 1 min read
Industrial Metals Update Aluminium prices weaken as output remains strong Aluminium prices have continued their rapid decline, reaching a six-year low. Production has still not responded to lower prices though, and Chinese output is growing particularly strongly. Therefore... 2nd November 2015 · 1 min read
Industrial Metals Update Falling mine supply to boost zinc prices in 2016 Scheduled closure of some large depleted mines coupled with producer cutbacks in response to low prevailing prices will lead to a relative shortage of zinc concentrates and will curb the recent... 29th October 2015 · 1 min read
Metals Watch What, if anything, can futures curves tell us? While there has been much media coverage of the recent falls in oil and copper prices, the simultaneous slide in the prices of lead and zinc has not been so well documented. In this Metals & Mining... 27th October 2015 · 1 min read
Industrial Metals Update REE supply cuts set to push up prices Low rare earths (REE) prices seem to be pushing up China’s exports as previously-delayed purchases are ramped up. However, recent pledges by a number of Chinese REE producers that they would smelt... 27th October 2015 · 1 min read
