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Uranium price headed for $50 in 2014, taking stocks higher

Posted on 25 September 2013

The uranium spot price has not moved as quickly as we were forecasting. However, uranium equities have shown some strength over the past year or so, as investors started buying ahead of the uranium spot price moving. Spot prices depend more on utilities and their short-term requirements, which translates into their activity in the spot market.
However the spot market accounts for a small portion of the total market. Most transactions occur in the long-term prices, and the long-term contract price is at a healthier level in the $50/lb range. We believe the uranium spot price is currently below the marginal cost of production and therefore unsustainable, as half the producers around the world are losing money………………………………………..Full Article: Source


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VRS - who has written 34721 posts on Opalesque Commodities Briefing.


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