Daily FNArena News - Commodities

The U3O8 spot price has tumbled more than 1.5%, attracting new demand, reports TradeTech.

2009 was a roller-coaster year for oil, but one thing we learned was that oil under US$70/bbl won’t work for the industry any more.

Commodity price support is shifting from hopes of an economic recovery to real expectations of increasing demand.

The spot uranium market is only slowly coming to life into the new calendar year.

Prices for both iron ore and steel are tipped to rise in 2010, with Chinese economic growth to be the main driver.

UBS offers its thoughts on oil in 2010.

Despite recent weakness it has been a banner year for gold, but is the metal’s shine wearing off?

Given potentially the most resource intensive recovery since the 1970s, UBS remains positive on the outlook for commodity prices in 2010 and beyond.

Resource Capital Research provides its quarterly review of local uranium stocks and its outlook for the uranium price.

Preliminary November trade data from China Customs are painting a supportive picture for Australian iron ore and coal exports.