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