Daily FNArena News - Commodities

The pressure is on for copper, iron ore and nickel producers and BA-Merrill Lynch finds most miners are trading at deep discounts to NPV.

Last week was another quiet one in the uranium market, with participants battening down the hatches ahead of the World Nuclear Fuel Cycle conference.

Coal bearishness continues, while mineral sands and oil prices could firm up. Meanwhile, bird flu rears again.

Ahead of the Herd’s Rick Mills sees some very good reasons to continue holding silver and gold.

Analysts find the outlook for diversified miners constrained by softening metal prices, particularly copper, gold and silver.

Jonathan Barratt of Barratt’s Bulletin suggest that having failed on its recent break-up, gold is likely to once again consolidate. Silver upside may not be far away.

Prices for several commodities – oil, iron ore and coal – came of their highs over March and analysts ask whether these levels will be regained.

March was a slower month in the uranium market, with many likely thankful for the rest after the bumpy ride in February.

Not all analysts are bearish on iron ore, while thermal coal in the longer term is causing concern and gold finds are diminishing.

Jonathan Barratt of Barratt’s Bulletin discusses the influence on gold of run-on-the-banks fears developing in Europe.