Uranium Prices Limp Along On Slowed Nuclear Operations

Forbes reported hesitance to resume nuclear operations, not only in Japan, but also elsewhere in the world has caused demand for uranium to limp along.

Indeed, uranium prices have fallen from about $68 a ton before the nuclear crisis to $47 a ton as of September 2012, which is the lowest they have been in two years. Analysts had anticipated such a slump but had also said that the rising demand in, especially, Russia, China and India would, again, necessitate the increased development of uranium. Altogether, 95 reactors are planned in the next two decades, says Canada’s Cameco Corp., which adds that 60 are now under construction around the globe.