Daily FNArena News - Commodities

Base metal prices have gotten a little ahead of fundamentals and with a seasonally weaker period approaching prices may see a correction.

The Chinese are all too willing to talk business with junior iron ore producers, reports Apollo Minerals.

Spot U3O8 prices settled at US$50/lb on both TradeTech’s and UxC’s assessment.

Having gained around 50% in the past two months, nickel prices are likely to see some sort of correction in coming months.

National Australia Bank suggests the oil price may consolidate short-term but longer-term it expects further gains.

After weeks of stellar increases, spot uranium is retreating again.

Rio Tinto and Nippon Steel have agreed to lower iron ore price by 33-44% this year, but how will the Chinese respond to this?

After weeks of continuous rises the spot U3O8 price retreated the past week in the absence of any deals concluded.

A move to better fuel economy in cars and trucks in the US may reduce gasoline demand but Barclays Capital suggests any change won’t impact on the global oil market balance.

According to GaveKal the recent run in the oil price is not supported by fundamentals but Barclays Capital has a different view.