Picking well funded explorers; oil price strain apparent; reviewing iron ore break-even prices; zinc deficit continues; gold doldrums.
To reflect current market conditions, TradeTech last week increased its spot and mid-term weekly price indicators while reducing its long-term indicator.
The spot uranium price continues to tick higher as a reflection of an increasing number of utilities seeking term supply contracts.
GavekalDragonomics’ Anatole Kaletsky explains why cheap oil is the best contrarian indicator around.
There are early signs the traditional summer slowdown in the uranium market may be coming to an end.
Last week Japan restarted the first of its idled nuclear reactors.
Subdued outlook for alumina and nickel prices; China’s devaluation and the impact on iron ore; likely messages from oil & gas earnings reports.
The spot uranium price rebounded sharply last week, but a lack of interest had only heightened volatility.
Recent positive demand-side news has failed to support buying interest, forcing sellers to capitulate last week.
Many analysts maintain the global outlook for oil prices is bearish for the next couple of years.