Daily FNArena News - Commodities

It has been a long wait since November 2008, but spot uranium prices have finally started to move higher.

Opinion is growing that copper’s strong rally is all just a mirage. But not everyone agrees.

Oil demand is expected to fall this year but in the view of Barclays Capital the revised International Energy Agency numbers are too bearish given global growth expectations.

TradeTech has followed the example by peer UxC and lowered its weekly spot price indicator by another notch.

Copper prices traded at a five month high last week but industry players remain sceptical

Beware June-July seasonal weakness.

We’re not there yet, but better times should be ahead for producers of long steel products, predicts industry researcher MEPS.

Industry consultant TradeTech has further lowered its spot price indicator for uranium.

According to Resource Capital Research while spot uranium prices are under pressure the long-term outlook remains solid as increasing capacity will continue to spur demand.

Record surpluses and excess capacity at a time of weak demand are likely to keep a lid on aluminium prices, with only a modest recovery expected in coming years.