The three year uranium bear market. Is it over?

Mineweb reports on the uranium bear market.

Commodities were booming as the growth story in the East continued to plough ahead – and the uranium price was no different. Uranium soared to $136 a pound from less than $10 between 2000 and 2007.

Then reality set in. The credit crunch caused an unwinding of the global economy and the uranium spot price plunged. It currently sits at $41.75. The price has collapsed by 69pc in a three-year bear market e_SEnD but speculation is mounting that China may be about to tip sentiment in the favour of bulls.

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