Coal – The Guardian reported that UK Coal plc (OTC Pink:UKCLF), Britain’s largest coal miner, faces an uncertain future in the wake of a fire that closed its largest colliery. The company has reportedly “refused to deny” rumors that in order to avoid enforced liquidation — and a total shutdown of its business — it is pursuing voluntary liquidation.
Lead – A new project aims to uncover deposits of the metal in a historic mining region in Northern England.
Gas – Reuters reported that rising demand and a drop in supply brought British prompt gas prices up to a 19-week high.
Oil – Reuters reported that the International Energy Agency may intervene in the oil market by calling for a release of emergency oil reserves.
Copper – Despite lower copper prices, the black market trade in stolen copper is thriving, and has led politicians in the US and the UK to crack down on the practice. The scrap copper market is also being supported by legitimate copper recycling.
Uranium – Business sentiment in Britain supports new investment in nuclear power generation, according to a recent poll.
Uranium – Britain and Japan have signed a framework civil nuclear co-operation pact, agreeing to collaborate on nuclear safety regulations. The agreement reflects Japan's concern for independent, competent, and rigorous regulation of nuclear safety and of enhanced emergency preparedness.
Oil – Falkland Island tensions between Argentina and the United Kingdom are threatening to rock a crude market that is already on edge as a result of Middle East geopolitical tensions
Coal – Reuters reported that Britain's clean coal development needs to accelerate for the country to avoid job loss in the sector.
Oil – Reuters reports that integrated oil stocks helped Britain's top shares end higher on Monday.
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