Daily FNArena News - Commodities

There are early signs the traditional summer slowdown in the uranium market may be coming to an end.

Last week Japan restarted the first of its idled nuclear reactors.

Subdued outlook for alumina and nickel prices; China’s devaluation and the impact on iron ore; likely messages from oil & gas earnings reports.

The spot uranium price rebounded sharply last week, but a lack of interest had only heightened volatility.

Recent positive demand-side news has failed to support buying interest, forcing sellers to capitulate last week.

Many analysts maintain the global outlook for oil prices is bearish for the next couple of years.

The spot uranium price remained unchanged for the third week running last week, as India ups its nuclear ante.

Dull copper outlook; water scarcity critical to copper; gold equities respond as the yellow metal price comes under pressure.

Lack of clear interest from either buyers or sellers ensured the uranium spot price remained unchanged yet again last week.

A quiet week in uranium markets saw spot and term prices unchanged from the week before.