Daily FNArena News - Commodities

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.

Turnaround in resources nigh?; Chinese steel supply; met coal prices; UBS holds the line on gold prices, downgrades copper and nickel.

Several brokers assess the factors at play in the gold sector and favour those stocks exposed to Australian dollar weakness.

Market analysts at FXCM suggest the overnight rally in West Texas crude returning to above the US$50/bbl mark.

Spot and term uranium prices slipped last week as another prospective producer decided against proceeding with its project.

When Indonesia announced a future ban on nickel exports some two years ago expectations were for a mounting deficit in the metal. Now, ANZ analysts calculate that prospective deficit is fast diminishing.