Metals Data Response Global Aluminium Production (Aug.) According to the International Aluminium Institute, global aluminium output grew by over 10%y/y in August. But excluding China, output rose by a mere 2% y/y. 21st September 2015 · 1 min read
Industrial Metals Update Flagging up the risks to copper mine supply The earthquake that hit Chile yesterday served as a reminder of the vulnerability of the copper market to disrupted mine output from key producing countries. With El Niño underway, persistent strike... 18th September 2015 · 1 min read
Commodities Update What should the Fed’s inaction mean for commodities? Commodity markets initially welcomed the US central bank’s decision to keep rates on hold yesterday, but the moves have been small. This makes sense, as rates are still likely to rise soon, and the... 18th September 2015 · 1 min read
Industrial Metals Update Nickel prices to rally strongly next year With the market expected to fall into deficit in 2016, as supply falls and demand recovers, the price of nickel should rebound strongly. But the recovery may have to wait until stockpiles are drawn... 17th September 2015 · 1 min read
Industrial Metals Update Stocks tell a broadly positive story on demand Falling official stocks are painting a much stronger picture of metals’ demand than current prices. Inventories of some metals, notably tin and lead, offer little in the way of a cushion if supply... 15th September 2015 · 1 min read
Industrial Metals Update Restocking to galvanise US steel prices US steel prices have fallen sharply this year, despite signs of robust physical demand. Given that imports have also dropped, we expect that stocks have been drawn down. Resilient demand coupled with... 11th September 2015 · 1 min read
Metals Watch Will the supply response be sufficient to lift prices? A number of mining companies have recently announced plans to cut output or close mines and smelters in response to low prices. These latest announcements come on top of earlier cost-cutting exercises... 10th September 2015 · 1 min read
Metals Chart Pack Prices regain some lost ground After falling steadily throughout August, in large part associated with a plunge in Chinese equities, the prices of most industrial metals have rallied in the last week. That said, the S&P GSCI... 4th September 2015 · 1 min read
Global Markets Update Is the value of everything really too high? To some, the recent sell-off in global financial markets was merely the beginning of what will soon become a much bigger downturn, because the valuations of many assets remain excessively high... 28th August 2015 · 1 min read
Commodities Update Industrial commodities set for strong recovery into year-end The relief rally in Chinese equities prompted by additional policy stimulus has turned global sentiment around, but a sustained recovery in commodity prices will probably require hard evidence that... 28th August 2015 · 1 min read
Industrial Metals Update What do the new Indonesian regulations mean for tin prices? Indonesia, the world’s top exporter of tin, has introduced new regulations on the production and shipping of the solder metal. On their own, the new controls are unlikely to boost prices, but they... 27th August 2015 · 1 min read
Commodities Focus Making sense of the commodity slump Investor sentiment towards commodities has rarely – if ever – been more negative. However, the recent sharp falls in prices can largely be seen as the continuation of trends in place since 2011. The... 26th August 2015 · 1 min read
Industrial Metals Update Falling stocks may boost some metals’ prices Exchange stocks of copper remain high and have risen strongly since the start of 2015. However, stocks of other metals, notably tin and lead, are now at very low levels on a historical basis. This may... 25th August 2015 · 1 min read
Commodities Weekly China panic spreads The negative sentiment prompted by the slide in the renminbi has been compounded by further weakness in Chinese equities and another soft reading of the country’s manufacturing PMI. What’s more... 21st August 2015 · 1 min read
Commodities Update China, Japan & Euro-zone Flash PMIs (Aug.) The weak manufacturing PMI reading from China may have been distorted bytemporary factors and the manufacturing sector has yet to feel the full benefit of policyeasing. Nonetheless, today's Chinese... 21st August 2015 · 1 min read
Metals Data Response Global Aluminium Production (July) According to the International Aluminium Institute, global aluminium productiongrew by nearly 11% y/y in July. But excluding China, output rose by just 1.3% y/y. 20th August 2015 · 1 min read
