Daily FNArena News - Commodities

The strong run-up for spot uranium saw sellers jump in and buyers retreat last week, forcing the biggest weekly price decline since Fukushima.

Implications of US/China emmissions agreement; Glencore’s plan to shut Oz coal mines over Xmas; China’s pollution and iron ore; and nickel’s boom crash opera.

Were the Swiss to vote to require the central bank to hold 20% of its reserves in gold, the market impact may not be as significant as feared.

The sudden surge in the spot uranium prices is feeding on itself as traders pile in.

Mineral sands supply lifts; zinc prices rally; potential for oil production cuts; and Citi downgrades iron ore forecasts, again.

A subdued outlook is in place for iron ore, steel, coking coal and oil. In contrast, gold looks a little brighter.

Last week the uranium spot price posted its second biggest price hike in eighteen years, surging to US$42.00/lb.

Downward price pressure continues for oil; Cooper Basin expectations reduced; M&A appetite prevails among miners; macro economic trends preoccupy LME conference participants.

Local government has voted to approve the restart of the first two Japanese reactors to have passed strict new safety standards.

Market analysts at FXCM note last night’s 3% plunge in the sliver price, highlighting few positive catalysts for silver and gold.