Has iron ore peaked?; bearish agricultural prices; supply overhang in molybdenum; plentiful cobalt; zinc & lead price correction has further to run.
The spot uranium price last week failed to kick on with a rebound after April’s sharp falls.
Copper outlook strengthens; iron ore outlook weak; depressed manganese prices; a lack of pricing power for steel.
Citi hails Carrapateena and Frieda River projects; few signs of tin recovery; no tailwinds for crude; more supply rationing needed in iron ore.
After a sharp price fall in April, spot uranium has again found support at lower levels.
Investors have called the bottom in iron ore prices but ANZ analysts believe a subdued Chinese steel outlook will keep a lid on bulk prices for some time.
Commodity demand improves in April; temporary respite for oil; gold apathy; urea under pressure; more rationing needed for iron ore.
The recent slip in the spot uranium price became a plunge last week as selling outstripped buying interest. Term contract prices have also fallen
Manganese has suffered a similar fate to iron ore in the slowing of steel production growth but the upcoming South32 de-merger has reinvigorated interest in the outlook for the metal.
Oil production decline in US; China’s thermal coal exports; copper supply diversifies; gold under pressure; platinum demand lacklustre.