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NASDAQ.com reported that the recent slide in uranium prices could mean some buying opportunities, with analysts suggesting that the price could climb to $70/lb on a ramp up of demand, and eventual tightening of supply.
NASDAQ.com reported that the recent slide in uranium prices could mean some buying opportunities, with analysts suggesting that the price could climb to $70/lb on a ramp up of demand, and eventual tightening of supply.
As quoted in the market report:
We forecast spot prices to average above $60/lb in 2013 and north of $70/lb in 2014 and 2015 before settling to $70/lb in the long term,” said David Sadowski, an analyst for Raymond James.