Daily FNArena News - Commodities

The US holiday period has ensured low levels of activity in uranium markets while in the bigger picture, nuclear power continues to grow globally.

The mid-week Veterans Day holiday in the US ensured a quiet week for uranium markets.

Catalysts for iron ore; major miner dividend policy; and Japan’s future energy needs.

Utilities became more active in the spot and term uranium markets last week, leading to a slight uptick in price.

Brokers have little confidence that oil prices will rally substantially any time soon and, as a consequence, the outlook for the energy sector is muted.

Whichever way they look at it, analysts cannot see any near term end to global aluminium oversupply.

Market analysts at FXCM note last night’s big fall in gold took the price down to a major support level.

October is typically a volatile one for the uranium market and this October was no exception.

Constraints on Australia’s east coast gas market; China’s steel makers; nickel in 2016; copper production cuts and supply issues.

A lack of interest from buyers last week means the spot uranium price is now almost back to where it had jumped from earlier in the month.