The Conversation (0)
MSN.com reports uranium sector is surging in the last couple of weeks.
MSN.com repor
ts uranium sector is surging in the last couple of weeks.
The market news is quoted as saying:
One could posit a view that the price action was probably fundamentally supported by real-end users up until it hit about US$60/lb in early 2007. There was a clear case to be made for a secular increase in global demand given a sudden surge in reactor plans, particularly in China, but everywhere from the UK to the US, Russia, Japan and elsewhere, which in itself was a response to the rapidly rising price of oil.
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