nuclear-news

Uranium in surplus, prices to stay low

Resource Capital Research — December Quarter 2011: Global Uranium Companies Equity Research Report , Dec 16, 2011 (MARKETWIRE via COMTEX) — Key Points
…Uranium Market:  The dynamics driving the near term outlook remain
dominated by the
flow-on effects of Fukushima, including Germany’s decision to close
reactors.
—  Uranium traders suggest caution going into 1H12, with potential for
utility surplus inventory dispositions to remain a feature of the
market. The spot uranium price is expected to trade around the low
US$50s/lb 1Q12 and possibly dip below.

December 16, 2011 - Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium