nuclear-news

Below Cost of Production- sad plight of the uranium industry

Uranium Prices Remain Below Cost of Production, Recovery is Years Away, Economic Calendar, Donald Levit, July 27, 2016 Uranium prices continue to hover at an eleven-year low, with the commodity’s collapse to the price weeks ago failing to inspire any renewed buying interest, and according to a recent forecast from UBS, a turnaround in the market could be years off.

UBS analysts recently revised their average spot uranium prices for the years ahead, and all of these revisions were downward. For 2016 the forecast is now $30/lb. down from $37/lb., for 2017 they cut the forecast to $32/ lb. from $55/lb., for 2018 to $42/lb. from $60/ lb.,and for 2019 to $55/lb. from $60.

The reason behind the languishing prices, and why UBS expects the tough times to continue, is that fact that Japanese reactor restarts have been much slower than expected, while the pace of nuclear expansion across the globe has also disappointed…….http://www.economiccalendar.com/2016/07/27/uranium-prices-remain-below-cost-of-production-recovery-is-years-away/

August 1, 2016 - Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium