nuclear-news

5 to 9 percent drop in uranium price is expected

In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010

U.S. Energy Dept to sell surplus uranium Mar 3, 2011 WASHINGTON (Reuters), by Tom Doggett – The U.S. Energy Department plans to sell 2,000 tonnes of surplus uranium annually 2011-2013, which could push spot prices lower over the next three years….

In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010 spot price of $60.25 per pound. The current spot price for uranium is near $70 a pound.

The Energy Department built up an inventory of about 58,000 tonnes of natural uranium for military use during the Cold War and has been selling the stocks gradually over the past 25 years.

U.S. Energy Dept to sell surplus uranium | Reuters

March 5, 2011 - Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium