Mark Lackey: Uranium Market Slowly Regaining

Business Insider reported an interview with Mark Lackey, who discusses the current uranium market.

Mark Lackey said:

Uranium was $70/pound (lb) back in March 2011 and then drifted down after the Fukushima incident. Japan took steps to close all 56 of its reactors and the Germans have taken out about seven or eight. There are about 445 operating worldwide.

The price has been sitting around the $50–$51/lb range for a number of months and recently has gone down to $49/lb on the short-term market. The lower demand in the short run is the reason for the $20 hit.

Click here to read the full Business Insider report.