Commodities can't catch a break with Citi predicting iron ore to fall to $US60/t in 2016 and oil slippling over 1% overnight
Commodities can't catch a break with Citi predicting iron ore to fall to $US60/t in 2016 and oil slippling over 1% overnight. Exception is Uranium with spot price jumping to 1.5yr high at around $US37/lb. There's growing confidence that U3O8 prices may have bottomed after a horror year. That's great news for uranium miners like Paladin Energy (PDN), which is up 9.5% in early trade. The big question is whether that translates to good news for Silex Systems' (SLX) proposed Paducah facility. Shareholders daren't hope.
I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...
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