Spot Uranium Hits Two-Year Low

Reuters reported the spot price for uranium hit a two-year low this week, putting the squeeze on the already depressed shares of uranium miners.

As quoted in the market news:

With a looming election keeping Japan from making a decision on how much, if any, of its nuclear reactor fleet it will keep, and slowing growth in China weighing on the broader resource sector, it will likely be months before uranium prices start moving back toward pre-Fukushima levels.

Click here to read the full Reuters report.