nuclear-news

Continued decline in uranium price

Uranium Prices Drop as Demand Declines on Japan Crisis, Ux Says,  Bloomberg By Jason Scott – Apr 12, 2011 “…..The magnitude-9 earthquake and ensuing tsunami on March 11 that caused radiation leaks at the Tokyo Electric Power Co.- operated plant led buyers of the nuclear fuel to retreat, according to Ux. The crisis is likely to hurt the atomic power industry’s credibility more than the 1986 Chernobyl disaster, UBS AG analysts said April 4.
“Activity on the spot market remains limited with very few active buyers or sellers,” Ux said in the report. “Sellers that had been active appear to be taking a more protracted approach to the market,……

April 12, 2011 - Posted by Christina Macpherson | general