| Uranium has been one of the best performing commodities over the past year, but only because it was rising from such a low level. So now what lies ahead? While the uranium price may well have been one of the best performing over the past nine months or so, it should be remembered that this is as a recovery from an all-time low price in real terms – but then such times may well prove to have provided the best opportunity to get back into the commodity.
Thus the uranium round table panel event at the London 121 Mining Investment conference was well attended as investment professionals sought to get a handle on the latest prospects for the nuclear metal. It is worth recalling that the price reached an all-time high at a time when lack of investment in new projects, together with run down user inventories, created a huge supply/demand imbalance price spike in 2007 to reach around $135/lb – albeit briefly as is the nature of price bubbles of this type.........................................Full Article: Source
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