Resource Capital Research - September Quarter 2011: Global Uranium Companies

RCR reported on the uranium sector and the uranium companies for September 2011.

The press release is quoted as saying:

Uranium Market:

• The uranium spot price is US$48.85/lb (1 Sep). It is back to levels seen immediately after the March nuclear accident at Fukushima, Japan.
• The dynamics driving the near term sector outlook remain dominated by the aftermath of Fukushima, including Germany’s decision to close reactors.
• The fund implied price (FIP), an indicator of market price expectations looking out 3 to 6 months, points to further downside, with a spot price expectation of US$45.95/lb (1 Sep).
• The long term uranium market fundamentals are considered sound with expected strong and increasing demand for new nuclear power reactors, especially from China, USA, Russia, Ukraine and India.
• Over 84 new nuclear power reactors are expected to be commissioned globally by 2017, with 63 currently under construction (or almost so

Click here to access the entire news release.