nuclear-news

Uranium market stays down, USA govt sells old weapons fuel

Scope for medium term gains in uranium prices, July 02, 2010, by Dorothy Kosich (Mineweb) “……..spot uranium prices continue to trade at low ebb, …”Prices continue to be dampened by a low level of ‘uncovered utility requirements in the West, concern over further production gains in Kazakhstan and the barter of U.S. Department of Energy UF6 inventory to pay for an environmental cleanup at a closed Ohio uranium enrichment plant,” Mohr advised.The announcement of a DOE barter sale to USEC Inc., a leading supplier of enriched uranium fuel for commercial nuclear power plants, was blamed for the beginning of a uranium price decline a year ago. The sale will end in the third quarter of this year. However, Mohr said U.S. Energy Secretary Chu intends to sell additional federal uranium inventory under another program.

Proactive Investors (AU) – Scope for medium term gains in uranium prices

July 3, 2010 - Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, enriched, nuclear, nuclear costs, nuclear spin, nuclear technology, uranium