Daily FNArena News - Commodities

US-based trading guru Dennis Gartman is no gold bug. But he likes gold now and has increased his long position. He advises investors do the same.

Experts suggest there is simply not enough platinum to allow the creation of an ETF. The price has plummeted in response.

Ziggy really sang. A draft of the government-commissioned nuclear energy report has been handed down in Canberra.

The platinum price recorded its highest jump in more than six years in London overnight.

The uranium spot price has risen further in the past week.

Chinese destocking is behind short term weakness in the copper price, UBS warns.

One of the proponents of the Commodities Super Cycle believes resources stocks are likely to become cheaper before bouncing back.

Chinese steel exports to Europe are surging and pressuring prices, with industry consultant MEPS suggesting prices could fall further.

Industry feedback suggests market fundamentals remain in stark favour of further price rises for U3O8. Last week saw the spot price advance again.

BHP has locked in lower TC/RC prices with Korean and Indian smelters, with no price participation, which may benchmark the level for Japan and China.