nuclear-news

Uranium prices set for further fall

“the potential for further price declines.”….

Uranium Prices Have `Limited Upside’ With Market in Surplus, CRU Forecasts, Bloomberg, By Anna Stablum – Jul 21, 2010 Uranium supplies will exceed demand through 2012 and there is “limited upside” to prices for at least six months, London-based research company CRU said.

Nuclear power plants, the biggest consumer of uranium, are “well covered” with supplies, CRU associate consultant Richard Schodde said in a presentation today for the Australian Uranium Conference in Fremantle, Western Australia. Prices have dropped 6.2 percent this year to $41.75 a pound, according to Roswell, Georgia-based Ux Consulting Co.

There is “limited upside to the spot price over the next six to eight months,” Schodde said in the presentation. Production costs at about $40 a pound limit “the potential for further price declines.”….

July 22, 2010 - Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium | antinuclear, nuclear costs, uranium