Resource Capital Research - March Quarter 2011: Global Uranium Companies

RCR reports on the global uranium companies for 2011.

The press release is quoted as saying:

Key Points

Uranium Market:

• The uranium spot price is US$60.00/lb. It has partially recovered from its plummet mid March to US$49/lb on news of the damage at the Fukushima nuclear plant in Japan.
• The uranium spot market is likely to experience increased volatility over the next 3 to 9 months.
• The long term contract uranium price is US$73/lb (28 Feb). Any impact from Japan on the contract price is expected to be temporary, remaining at or quickly returning to +US$70/lb territory, the level necessary to support development decisions at a number of advanced projects.
• The full impacts of the Japanese earthquake on the nuclear power and uranium mining industries may take 12 months to unfold.
• About 75% of all reactors in operation today are over 20 years old, and 25% are over 30 years old. Older reactors will be under increased scrutiny from regulators.
• The uranium market is expected to be buoyed by solid fundamentals mid to long term.

Click here to access the entire news release.