Long-Term Uranium Finally Rises

The Financial Post reported long-term uranium prices rose for the first time since the Fukushima nuclear disaster in March 2011.

As quoted int he market news:

According to trade publication Ux Consulting, the term price rose to US$61.50 a pound this week, up 2.5% from US$60.00. Ux’s long-term price covers material that will be delivered more than two years in the future.

While there have been some minor upticks in the spot price since Fukushima, this is the first time that the term price went up since January of 2011, when the outlook for uranium was much stronger than it is today. Active buyers are ignoring the spot market right now and are focusing on deliveries into the future, industry publication TradeTech said.

Click here to read the full Financial Post report.