Daily FNArena News - Commodities

Chinese steel, cement, copper, aluminium and iron ore prices all look subdued. Iraq is a swing factor for oil while gold’s recent rally looks to be stalling.

Activity in the uranium term market has seen a pick-up but the spot market is showing little sign of life.

The spot uranium price continues to wallow as demand remains absent in the face of oversupply.

Aluminium in vehicles; picking nickel and gold stocks; copper looks oversold; iron ore risks.

Nickel deficit likely but no shortage of bauxite; iron ore and coal prices still under pressure; Rio Tinto dictates titanium dioxide.

To date global energy markets have priced in only a small premium for the situation in Iraq but longer term ramifications may have a significant impact.

Hopes of a floor being confirmed in the uranium spot price abated last week with another price fall.

Producers versus developers on ASX; Goldman’s key small ASX resources stocks; silver versus gold; Rio Tinto’s upside surprise potential; and more declines forecast for iron ore.

A slight uptick in the spot uranium price last week after a month of sideways drift may offer some hope for the industry.

Citi believes value can still be found in miners; Oz iron ore miners face higher break-even prices; natural gas and gold outlooks and risk in nickel.