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Uranium prices no way to go but up - stocks to follow - Chang

Posted on 24 June 2011

While uranium prices fell after the Japanese earthquake and tsunami, Versant Partners Analyst Rob Chang says in the long term, prices must rise due to a supply shortfall and the economic necessity of using nuclear power.
Switching to the long-term price, which better indicates how utilities see things, it was around $73/lb. prior to the disaster. After the first post-Fukushima price update, it only declined $1/lb., a fantastic sign that the utilities and the producers didn’t see much of a long-term impact. It has declined a little since then-and is currently down 7%, to $68/lb………………………………………..Full Article: Source


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