Daily FNArena News - Commodities

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.

The Japanese government’s hopes for a return to nuclear power production were dealt a blow last week due to an adverse court ruling.

Has iron ore peaked?; bearish agricultural prices; supply overhang in molybdenum; plentiful cobalt; zinc & lead price correction has further to run.