Daily FNArena News - Commodities

As the uranium spot price continues to rise in a volatile market, term contract prices have also begun to respond.

Spot uranium enjoyed another price rise last week as sellers continue to back off their offers.

Nickel price stalls for the present; Leverage to exploration among OZ nickel miners; Low prices, mounting losses remain themes in coal; and range-bound aluminium.

Activity is expected to pick up this week in the spot uranium market and sellers are backing off their prices in anticipation.

Kathleen Brooks of FOREX.com argues that current geopolitical tensions are not enough to overcome excess global oil supply.

Nuclear fuel has not been included in Western sanctions against Russia so far, but buyers are not prepared to take the risk.

Zinc, copper, and gold were the highlights at the latest Diggers & Dealers fest in Western Australia. Brokers highlight stock preferences.

Price recovery in mineral sands pushed out; zinc moves further into deficit; pressures on coal continue to mount; iron ore stabilises, for now.

Entering the second half of 2014 several commodity analysts have revamped price forecasts with the overall outlook modestly positive, except for coal.

July witnessed a surge in uranium trading volumes as buyers took advantage of lower prices, although oversupply is keeping pricing steady.