Daily FNArena News - Commodities

National Australia Bank suggests investors become more selective in their metals exposure as differing fundamentals are creating divergent outlooks.

More analysts are joining the chorus that the oil price must eventually head lower – perhaps back to US$30/bbl.

China’s largest nuclear power plant construction company is signing agreements to invest and explore for uranium outside the country. It’s getting crowded out there.

GoldMoney’s James Turk believes there is a good chance US$600/oz for gold will never be seen again.

Last week saw no deals concluded and thus no change to the spot uranium price but market experts believe prices are set to run up further, and soon.

Chinese zinc exports are expected to drop off in the near term but substitution is rife in the nickel market.

Natexis Commodity Markets suggests gold is not the only previous metal with a bullish outlook, suggesting there is still upside in silver and the platinum group metals.

Talk appears to have turned into action according to the latest IMF statistics.

Westpac Bank agrees with ANZ Bank that commodity prices will be volatile this year but has taken a far more negative view on the price outlook, expecting increased supply to drive down prices.

GaveKal is forced to admit its previously bearish view on oil is under threat.