Daily FNArena News - Commodities

Photographic demand for silver has fallen 70% from its peak and Photovoltaic Demand is not plugging the gap, so where is silver seeing demand?

With the US in Independence Day holiday mode for good portion of last week, the uranium market settled in for a bad dream interrupted slumber.

Mineral prices slumped in June but there are signs that pressure is abating for some, signalling to analysts there may be opportunities out there.

A recovering US economy in the face of a weak European economy and a slower Chinese economy has analysts suggesting the three-year crude price gap could close.

Gold stocks face downgrades, Brent crude should rebound while nickel prices are likely to stay under pressure.

Despite the recent beatdown, Michael Lombardi continues to believe that gold bullion has a shining future ahead.

Jonathan Barratt of Barratt’s Bulletin suggests the recent jump in oil prices on Egyptian concerns is unwarranted and belies global oversupply.

JP Morgan suspects it’s time to become overweight commodity indices. Prices for bulks remain under pressure. Goldman hails gold miner plans for quality versus quantity.

Despite talk of diminishing supply and Japanese reactor restarts, uranium continued to back track in June, falling below US$40/lb for the first time in more than seven years.

A new Prime Minister opens up the debate on the MRRT and carbon tax, while steel prices diverge and oil demand slows in emerging markets.