An earthquake in Japan is not what the country’s nuclear energy industry needs to bolster confidence in hoped for restarts of more reactors.
Crude inventories; the CESCO conference and the copper outlook; economic data and gold; the outlook for Australian gold stocks.
The first week of the new quarter brought a halt to frantic end of quarter selling, allowing the uranium spot price to recover slightly.
Breakdown in mineral sands discipline; support for gold; copper vulnerable to downside; nickel still loss-makiing; Oz iron ore shipments decline; steel margins expand.
March saw an uptick in traded uranium volumes but also ongoing price pressure.
Mixed signals for copper; aluminium prices under threat; specific commodity exposure more critical for Australian resources; a steel & scrap rally.
Market analysts at FXCM discuss the technical picture for oil contrasted with sentiment measures.
What will it take for crude to rise?; focus on copper to return to China & production; divergence in aluminium prices.
Revenue trends in China; Chinese resources demand; hard times for coal; speculative buying in copper.
The uranium spot market continues to hold out for indications of price direction once settlements occur on several outstanding term contract tenders.