With very little activity being registered in spot uranium, the spot price has remained unchanged all month.
The uranium market is unfortunately in relative demand-supply balance, participants concluded at a conference. No change to weekly prices.
China’s seasons matter more these days to commodities, uranium remains under pressure and Macquarie thinks nickel prices have turned a corner.
Low level buying interest continues to emerge for spot uranium but it is the term market attracting the buyers.
Enthusiasm waned again in the uranium spot market this week while one broker suggests no material upside for prices for the next five years.
Volatility eases in coal and iron ore, price forecasts are eased across a number of metals and production forecasts are ramped. Then there’s productivity.
Better volumes and higher prices featured last week as the light at the end of the uranium tunnel grows brighter.
The spot uranium price ticked up slightly last week but the industry still foresees higher prices down the track.
A uranium deficit until 2015? Chinese trade figures and steel stocks. Australian resource stock risks.
Brokers take a look at what will matter when picking mining stocks in the months ahead.