Talking Up Uranium

FNArena reported on the 36th annual World Nuclear Association Symposium held in London last week.

The market news is quoted as saying:

Unsurprisingly, “us” decided a bit of reassurance was required, and industry consultant TradeTech reports keynote speakers at the Symposium remained positive about the long term future of nuclear power in the post-Fukushima world. Issues discussed included investor confidence, nuclear market infrastructure in emerging markets, long term sustainability of nuclear power and the practical implementation of new nuclear build.

It must have worked ? the spot uranium price ended the week up US$1.00 to US$53.50/lb on TradeTech’s indication.

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