Daily FNArena News - Commodities

The spot uranium price rose again last week but are recent price rises structural at all or do they simply reflect geopolitical tension?

Rhodium demand is on the rise while iron ore pricing is in the eye of the storm and anxiety rises over China’s plans for thermal coal imports.

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.