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Uranium prices finding a bottom

Posted on 14 August 2013

Since the Fukushima disaster, the price of uranium is down more than 72%. New new safety regulations from Japan could help the commodity finds its bottom. The 2011 Fukushima nuclear disaster sent shock waves not only throughout Japan but also throughout the entire nuclear industry.
Many countries immediately cut back on their nuclear production with some even putting plans in place to eradicate it altogether. The swift reaction sent uranium prices into a tailspin that they have yet to recover from. But as 2013 progresses, new legislation and momentum for the nuclear world may finally help uranium find its bottom and give it room to run higher………………………………………..Full Article: Source


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VRS - who has written 37188 posts on Opalesque Commodities Briefing.


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