ERA cuts uranium output target, will buy spot

Yahoo Asia News reports Energy Resources of Australia (ASX:ERA) cuts its uranium output target by up to 800 tonnes.

“The shortfall represents about 1 percent of world supply in 2010, so it’s not the end of the world, but could have some impact on the uranium price,” Warwick Grigor, a sector analyst and chairman of BGF Equities in Sydney.

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