Metals &Mining Alert:Daily prices and news,Weak autos weigh on US manufacturing

Industrials (/lb): aluminum $0.94(-0.9%), copper $2.94(-0.6%), lead $1.09(-4.1%), molybdenum $7.14(+0.0%); nickel $4.86(-0.3%); zinc $1.39(-1.8%);Precious (/oz): gold $1,288(+0.4%), silver $17.04(-0.5%); Steel (/mt): ChinaHRC $608(+1.6%), SHFE Rebar $568(+2.0%), MB Scrap Index $345(+0.0%);Bulks: iron ore (/dmt) $75(+3.3%), coking coal (/mt) $195(-0.6%), freight (BCI)2,542(+9.4%); Energy: Brent (/bbl) $51.03(+1.5%), WTI (/bbl) $47.09(+0.7%),natural gas (/mmBtu) $2.93(+1.3%), thermal coal (/t) $98(+0.6%).

    US Industrial production increased 0.2% MoM in July (vs. consensus +0.3%,June’s +0.4%). While mining (+0.5% MoM) and utilities (+1.6%) output rose inJuly, manufacturing production was down 0.1% (vs. consensus +0.2%, June’s+0.2%), mainly due to decline in auto production which fell 3.6% in July (vs. -0.8%), its fourth decline in the last 5-months, reflecting a slowdown in sales.US Auto sales in July was at a SAAR of 16.69m units (+1% MoM, -6% YoY).(Bloomberg Finance LP, Reuters)