Daily FNArena News - Commodities

Goldman Sachs sees iron ore pushing higher over the 2H, while Macquarie sees little upside for aluminium and UBS is predicting some supply side consolidation.

RBC Capital Markets and others expect a quick restart of Japan’s nuclear fleet which could signal the beginning of a new age for uranium.

Jonathan Barratt of Barratt’s Bulletin does not expect crude oil prices to hold these higher, geopolitically inspired levels.

A review of the global outlook for global mining capex, prospect for domestic iron ore play, the US scrap market and a post mining boom outlook.

Many in the uranium market were in Turkey last week talking up the increasing importance of the growing markets of Asia, but it didn’t help the price much.

Chinese growth remains key to BHP, the coal market is not shipshape and some fertiliser products are more resilient than others.

The mood inside China remains cautious, although analysts at ANZ expect solid steel output to provide some support for iron ore prices.

Jonathan Barratt of Barratt’s Bulletin believes a bounce in the price of copper from recent weakness is likely, although not before further consolidation.

Low CV coal imports, steel demand and iron ore. Aluminium output cuts and copper supply disruptions.

Sector analysts are growing increasingly optimistic about the prospect of some sort of reversal in uranium prices, but in the meantime the spot price continues to soften.