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The “disorderly exit” of uranium from the share market

Uranium spot price sinks amid ‘disorderly exit’ Financial Post    Peter Koven 13/07/29

Over the past few years, the uranium spot price found support whenever it fell to US$40 a pound. But not this time.

Uranium has plunged 14% over the last two months, and now sits at US$34.50 a pound after dropping another US$1.50 last week. It’s the lowest level since 2006.

“It appears that by the end of last week, a disorderly exit from the spot market was underway,” TD Securities analyst Greg Barnes said in a note…..

August 2, 2013 - Posted by | 2 WORLD, business and costs, Uranium

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