Uranium bounces back in inspired radioactivity

Resource Investing News

SMH.com reports the uranium sector is surging with demand for nuclear reactors by the Chinese.

SMH.com reports the uranium sector is surging with demand for nuclear reactors by the Chinese.

The market news is quoted as saying:

The bounce in uranium spot prices from a post-global financial crisis low of $US40.50 ($A41) a pound to $US60 a pound underpinned the strong share price performance for the uranium stocks.

“The finely balanced supply/demand situation means the market is susceptible to both demand and supply side shocks (such as ERA’s woes at the Ranger mine),” Gresham said.

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