Daily FNArena News - Commodities

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.

Buyers and sellers in the uranium market have again reached a point of stand-off while awaiting the outcome of several term market tenders.

After a wild April, buyers and sellers have again reached a stand-off in the uranium market.

Large rebound in Chinese imports; break even lowered for iron ore producers; oil risks growing; coking coal finally rallies; supply reductions beginning for nickel.

Weak uranium prices are beginning to take their toll on uranium producers.

An earthquake in Japan is not what the country’s nuclear energy industry needs to bolster confidence in hoped for restarts of more reactors.