Daily FNArena News - Commodities

Varied drivers for iron ore and coal; precious metals trajectory; focus on US oil production; copper drifts.

The world’s biggest oil producer is looking to go nuclear with an extensive reactor building plan.

In order to avoid further cash burn ahead of a debt repayment obligation, Paladin Energy has suspended production at its flagship mine.

The spot uranium market saw a very quiet week as buyers and sellers stood their ground, leaving prices unchanged.

The Ikata unit 3 reactor was restarted last week, bringing the number of currently operational reactors in Japan to three.

Price outlook for coal; iron ore consumption; China’s steelmaking restructure; impact of Philippines nickel supply cuts; aluminium demand; Canaccord Genuity upgrades Galaxy Resources.

While the prices of many base metal are pushing higher, aluminium remains in the doldrums and ANZ analysts suggest a large surplus is looming.

The State of New York has relented in deciding to provide subsidies for nuclear power which should see plants saved for now.

China’s steel exports; iron ore demand; copper disruptions; rising pigment prices.

The spot uranium price was boosted last week by some long-awaited utility demand.