Daily FNArena News - Commodities

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.

Tighter lithium market; zinc & lead supply reductions; lack of nickel mine closures; and oil market tensions.

The uranium spot price drifted back last week following the previous week’s sharp spike.

Expectations for September quarter production reports and a cautious outlook for copper and crude.

Spot uranium last week enjoyed its biggest weekly price increase since November 2011.