Base Metals and Minerals

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Europe remains the source of angst as a data-related early rally on Wall Street was quickly snuffed out. Dow down 75. (Accessible only for subscribers before 10:15 AEST)

Entering the second half of 2014 several commodity analysts have revamped price forecasts with the overall outlook modestly positive, except for coal.

Italy has fallen back into recession and the German stock market is close to breaking down. Markets await the ECB meeting tonight. Dow up 13. (Accessible only for subscribers before 10:15 AEST)

Tuesday night has proven a blip as last night saw the selling return given several factors, including escalating geopolitical tension. Dow down 139. (Accessible only for subscribers before 10:15 AEST)

Wall Street rebounded last night following the bank bail-out in Portugal but is the correction really over? Dow up 75. (Accessible only for subscribers before 10:15 AEST)

Lynas’ June quarter production report has signalled the urgency of a debt restructure, or Lynas will need to raise funds again.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Russian sanction concerns, a surprise GDP, new dovishness from the Fed and a so-so jobs precursor all made for quite a rollercoaster on Wall Street last night. Dow down 31. (Accessible only for subscribers before 10:15 AEST)

A new survey suggests mining leaders are pessimistic while the outlook for base metals, ex copper, is bullish. Geopolitical instability supports gold and palladium while iron ore is re-balancing.