Daily FNArena News - Commodities

While the uranium spot price rose last week, the issue of declining US demand still hangs over the uranium market.

Heightened interest in lithium; more iron ore volumes arriving; macro economic environment positive for energy, utilities; looming price crunch for alumina?

After having grafted higher, the spot uranium price slipped again last week as traders sought to close deals ahead of the end of the half.

Questions abound regarding the path for oil & gas stocks. One thing brokers agree on is that volatility will continue.

Real demand improves in China; iron ore pressure; G7 on industrial over-capacity; BHP Billiton’s identity crisis; jump in nickel use; the AUD and Oz gold miners.

Major producers of lithium are ratcheting up production as demand for the commodity is surging due to use in electric vehicle and grid storage markets.

The spot uranium price edged up again last week as sellers backed away from growing utility interest.

LNG offtake expiries; pick up in ferrochrome; improving fundamentals in iron ore; rapid fall in steel; rise in tin; loss making continues in nickel; demand growth for cobalt.

Bid for AWE and near and longer term oil trends; silver outperforms; ample zinc stocks; and Macquarie upgrades near term outlook for iron ore.

Buyers returned to the spot uranium market last week as term contract settlements moved forward.