TradeTech Forecasts Primary Supply Gap in Uranium Conversion Market

EarthTimes.org  reports on the demand & supply of the uranium markets.

“The regional hot spot for growth in uranium conversion requirements is the Asian market. “China dominates the conversion requirements growth picture with four times more growth than the next country, the USA. In fact, three of the top five countries in conversion requirements growth are in the Asian Pacific Rim region,” said TradeTech President Treva Klingbiel. “Spot prices for uranium conversion declined after the 2006 peak, due to an abundance of spot supply and limited spot demand, and dropped dramatically over the last year on the US Department of Energy’s (DOE) announcement to release UF6 inventory into the market,” Klingbiel stated.

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