nuclear-news

Uranium Suffering From GFC Too

FNArena News – April 01 2009

By Chris Shaw

Uranium prices have been under pressure in recent months and according to equity research group Resource Capital Research (RCR) the global financial crisis has been largely to blame as it has impacted on the market’s suppy/demand balance.

The group notes further price weakness is expected as while the spot price is currently US$42.50 per pound this is down from US$52.50 at the end of last year and the Fund Implied Price (FIP), which is a key leading indicator for spot prices, is currently at US$35.00 per pound. It has traded between US$30 and US$45 per pound in recent months………

……………….conditions are tougher for those companies at the production and development stage as they are facing funding challenges from the global financial crisis at the same time as permit and commissioning issues and other development factors are increasing related cost pressures.

April 2, 2009 - Posted by Christina Macpherson | business and costs, NORTH AMERICA