Daily FNArena News - Commodities

Japanese restarts should become a reality in the next couple of weeks as uranium term market interest builds but the spot price remains unchanged.

Alumina pricing pressure; aluminium & steel producers hold up; iron ore rally ebbs; coking coal depressed; nickel inventory builds.

The brief burst of activity sparked by ERA’s deferral of its Ranger Deeps project gave way last week to a more familiar lack of interest.

Bulk trends mixed; Oz miners underperform; alumina to weaken; nickel, zinc prices on the rise; steel decline to continue.

ERA’s announced deferral of its Ranger 3 Deeps project and buying interest from utilities helped breathe some life into the spot uranium market last week.

Upside for LNG prices; iron ore rally unsustainable; curtailments continue in coking coal; copper processing costs slump; alumina in China.

The spot uranium price managed to tick higher last week despite little interest, while lower uranium prices are gradually leading to consolidation in the global uranium industry.

Copper finds support; lacklustre gold trends; opportunities for Cooper Basin players; demand for bulks subdued as Chinese consumption falls.

There was a lot of news but little trading interest in the uranium market last week as both buyers and sellers backed off.

Titanium dioxide outlook; LME zinc inflows surge; bearish copper sentiment; poor nickel demand, gold equities; weak platinum pricing; thermal coal unlikely to improve soon.