nuclear-news

Gloom persists in uranium market

Quiet uranium market impacts on prices | Industrial Fuels and Power, 24 June 2010, “……..The market was very quiet with muted buying interest and discretionary demand. While the price spread between buyers and sellers has continued to narrow to US$0.50-0.75, the gap appears to be too large still to bridge, according to TradeTech.

Meanwhile, the Noble Group, the world’s second-largest commodities trading and logistics company, has bought a 5.1 per cent share in USEC, the sole American-owned provider of enriched uranium for use in civilian nuclear reactors. The acquisition is seen by some quarters as China’s move into the enrichment industry as the Chinese government’s sovereign wealth fund owns a minority stake in Noble. Noble wants to become USEC’s partner in marketing uranium enrichment for reactors in Asia, particularly mainland China, according to Richard Elman, Noble’s founder and executive chairman………. Quiet uranium market impacts on prices | Industrial Fuels and Power

June 24, 2010 - Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, enriched, nuclear costs, uranium