Uranium Expected To Remain Capped At US$45/lb

Ninemsn reports spot uranium expected to increase and remain at US$45/lb.

Uranium prices may have weakened in recent months, but Australian companies with uranium projects have in general posted gains, with the market value of those with at least one uranium project rising 6% in the past month.

Resource Capital suggests Deep Yellow ((DYL)) may be close to moving from explorer to producer thanks to high grades at the Omalaha project in Namibia, while Energy and Minerals ((EMA)) appears likely to deliver a resource expansion at Mulga Rock given recent drilling success.

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