nuclear-news

Bloomberg.com: Australia & New Zealand

JPMorgan Cuts Uranium Price Forecasts, Citing Financial Crisis
By Angela Macdonald-Smith Oct. 8 (Bloomberg) — JPMorgan Chase & Co. cut its forecast for uranium prices through 2010 because of increased spot-market sales of the radioactive metal in September and the potential for the credit freeze to slow nuclear power project development…………………………….Uranium-oxide spot prices, which reached a record $138 a pound in June last year, dropped $4 to $49 in the week ended Oct. 6, The Ux Consulting Co. LLC said on its Web site.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,High up-front capital costs for nuclear power projects may slow the so-called nuclear renaissance, the securities firm said. Nuclear power stations can cost between $1,400 and $3,500 per kilowatt-hour of installed capacity, it said.

Bloomberg.com: Australia & New Zealand

Tags: nuclear, antinuclear, radioactive, uranium

October 8, 2008 - Posted by Christina Macpherson | business and costs