The Conversation (0)
Uranium could reach $80/lb this year, says UEC boss
May. 28, 2011 10:28PM PST
Long TailMining Weekly reports Uranium Energy Corp., (AMEX:UEC) CEO says uranium could reach $80/lb this year.
Mining Weekly reports Uranium Energy Corp., (AMEX:UEC) CEO says uranium could reach $80/lb this year.
The market news is quoted as saying:
The price of the nuclear fuel plummeted by about 15% after the Japanese Tsunami caused radioactive leaks at the Fukushima-Daiichi plant, but it has now stabilised at around $57,50, according to US-based Ux Consulting.
The uranium spot price reached a three-year high of $73/lb in February as Chinese utilities started entering the market in earnest to supply their rapidly expanding nuclear reactor fleet.