Spot Uranium Nears US$70/lb
Investing News Network - January 25th, 2011
FNArena reports Tradetech’s lifting uranium spot price to US$69/lb.
FNArena reports Tradetech’s lifting uranium spot price to US$69/lb.
The market news us quoted as saying:
Tradetech notes while higher prices have some buyers retreat, others have been prepared to pay up to secure material.
2 responses to “Spot Uranium Nears US$70/lb”
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Okay, lets start with a few corrections. Japan used to get 1/3 of its electricity (not energy) from nuclear (actually is was closer to 30%). 54 reactors were not idled for safety checks, only 50 were. 3 melted down and one was destroyed, this multibillion dollar catastrophe is not a “safety check”
Important factors missing from this article are that Japan has approved feed in tariffs for renewables, the very first variable electricity rates for time of day use and that over 70 of the Japanese are opposed to restarts. One inexperienced single issue politician did loose to a long incumbent pro-nuclear government, the largest political demonstrations in decades are happening in a country which shies from this type of display of upset. The next PM candidate may have a harder time supporting this unpopular technology.
Oh and the massive radiation contamination is going to start causing increasing problems for the continued sale of uranium fuel. It might be a bit early to forecast strong demand in Japan.
Okay, lets start with a few corrections. Japan used to get 1/3 of its electricity (not energy) from nuclear (actually is was closer to 30%). 54 reactors were not idled for safety checks, only 50 were. 3 melted down and one was destroyed, this multibillion dollar catastrophe is not a “safety check”
Important factors missing from this article are that Japan has approved feed in tariffs for renewables, the very first variable electricity rates for time of day use and that over 70 of the Japanese are opposed to restarts. One inexperienced single issue politician did loose to a long incumbent pro-nuclear government, the largest political demonstrations in decades are happening in a country which shies from this type of display of upset. The next PM candidate may have a harder time supporting this unpopular technology.
Oh and the massive radiation contamination is going to start causing increasing problems for the continued sale of uranium fuel. It might be a bit early to forecast strong demand in Japan.