Daily FNArena News - Commodities

Danske Bank sees recent weakness in commodity prices as a correction driven by lower oil, but fundamentals still support a bull market.

The spot uranium market is busier than usual this time of the year, industry consultant TradeTech reports.

With Freddie & Fannie threatening to blow up, why aren’t we back over US$1000/oz?

Industry consultant TradeTech left its weekly spot price indicator for U3O8 unchanged.

Investors have been expecting ongoing shortages of coal, and thus further price rises, for years to come. New insights by GaveKal say reality may turn out to be different.

Is the great US ethanol bubble about to burst?

The combination of falling demand and solid supply at present has Standard Chartered tipping a fall in jet fuel prices in coming months.

The copper market is hearing rumours of a secret stockpile of around 800,000 tonnes of copper in Chinese warehouses but according to Barclays Capital there is little substance to back them up.

Sick of scrambling to secure raw materials from tight supplies, South Korea announced it would triple stockpiles.

Danske Bank remains bullish on aluminium given the expectation China will soon switch to being a net importer of the metal and prices are currently close to the cost of production.