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Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

Uranium – poised for another boom?

Posted on 02 May 2013

Only a short time ago it seems (five or six years actually) the uranium price was riding high, uranium explorers were springing up everywhere and uranium producer and explorer shares were among the strongest in the mining sector.
The spot price soared to close on $140/lb in 2007, but then collapsed to the $40 or so level by early 2009 before making something of a recovery up to around $70/lb by early 2011, and seemed to be progressing upwards again with all kinds of predictions of huge growth in nuclear power leading to shortages ahead. Investors were beginning to climb in again – and then came Fukushima!……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 37718 posts on Opalesque Commodities Briefing.


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