Uranium bounces back in inspired radioactivity

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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