Sorry Perthite the article I used is from last year, so you can scratch that post however Iam still sure that one months fall during winter is nothing to worry about after the sustained growth we have seen since 2012.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Sorry Perthite the article I used is from last year, so you can scratch that post however Iam still sure that one months fall during winter is nothing to worry about after the sustained growth we have seen since 2012.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Net gold imports to China from Hong Kong rose from 101t in June to 113t in July, reflecting stronger physical demand. China is on track to overtake India to become the world’s largest gold consumer.
Gold futures declined on expectations that the US Federal Reserve will taper stimulus after the US non-manufacturing sector grew faster than expected in August. US WTI crude oil lifted as crude oil inventories at Cushing fell to the lowest level since February 2012, despite crude oil production lifting to a 24-year high. Tin prices continued to rise as exports remain limited from Indonesia, the world’s largest tin exporter, following laws forcing local trading and higher purity standards. Iron fell 0.7% to USD137.10/t (CFR China).
US crude inventories decreased by 1.84mmbbl to 360.2mmbbl in the week ending 30 August, below forecasts of a 2mmbbl fall. Crude oil inventories at Cushing fell by 1.83mmbbl last week to 34.8mmbbl, the lowest level since February 2012. US crude oil production lifted 0.2% w/w to 7.62 mb/d, the highest level since 1989.
Gold companies in South Africa have offered a higher wage to mine workers in order to end a labour strike which began 3 September.
In Queensland, Cockatoo Coal has obtained a mining lease to expand its 0.75Mtpa Baralaba low-vol PCI coal mine to 3.5Mtpa.
US thermal coal exports have declined 28% y/y to 3.44Mt in July, while coking coal exports have decreased 16% y/y to 4.80Mt.
Colombia’s metallurgical coal market may get a boost as Colombia’s national mining agency plans to spend USD100.5 million on developing railroad infrastructure to meet the needs of the industry. In 2012, Colombia produced 5Mt of coking coal.
ArcelorMittal plans to increase its iron ore output from its Mina do Andrade mine in Brazil from 1.5Mtpa to 3.5Mtpa.
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