Having held up in price despite stock market weakness, investors may be wary of copper. But brokers argue there is are plenty of drivers of further upside.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A glance through the latest expert views and predictions about commodities with JP Morgan offering reasons to remain bearish on nickel, the alumina market’s transition to spot prices and why cotton prices should stay at elevated levels.
A brief look at important company events and economic data releases next week.
Wall Street cherry-picked the good news last night from China, Australia and locally to stage a 254 point Dow rally. (Locked for subscribers until 10:00 AEST)
Both PMI surveys for China showed moderate improvements in August.
India has reported soaring 8.8% GDP growth but a breakdown of the numbers tells a less inspiring tale.
Wall Street closed flat last night ahead of important data this week, with Dow 10,000 still the line in the sand.
A glance through the latest expert views and predictions about commodities with Citi lifting iron ore price forecasts, updates on LNG and aluminium and RBS explaining why zinc prices have struggled.
A glance through the latest expert views and predictions about commodities with Barclays cutting oil price forecasts, Standard Bank still positive on gold prices and updates on the aluminium market and bulk contract negotiations.