Energy

Financial Post reported a short-term dip in uranium prices is now a long-term slump as the trading price for yellowcake remains low.

Financial Post reported a short-term dip in uranium prices is now a long-term slump as the trading price for yellowcake remains low.

As quoted in the market news:

Eighteen months after the incident, uranium prices continue to hit new lows. The spot price sunk US50¢ to US$46.50 a pound this week, which is the lowest level since 2010, according to Ux Consulting. Investors briefly drove the spot price above US$135 in 2007.

The long-term price has also declined, though it is higher at US$60, reflecting the fact buyers will pay more for material delivered mid-decade or later.

Click here to read the full Financial Post report.

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