David Talbot: Uranium Scarcity Ensuring Rising Costs

Resource Investing News

Minweb reported an interview with David Talbot, an analyst with Dundee Capital and Geoff Candy about the uranium market landscape.

Minweb reported an interview with David Talbot, an analyst with Dundee Capital and Geoff Candy about the uranium market landscape.

Dundee Capital’s Analysts, David Talbot said:

Now, the second half of the year is really dominated by these sovereign debt risk issues, whether it’s US or Spain or Portugal or Italy or Spain coming back and threatening a referendum. There were about at least three times in the year that the uranium stocks were trying to break out, up, say, 15% over the preceding four to six weeks, they were just pulled back down to earth due to uncertainty. So prior to Fukushima there was great correlation between the uranium stocks and the price, I’d say about 90%. Post Fukushima, not so great, about 70% correlation and I’d say maybe 50% of that correlated actually to the uranium price.

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