Analysts Say Uranium Could Hit $70/lb by 2015

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.

To view the whole NASDAQ.com report, click here.