Uranium Prices See No Relief

CNBC reported spot uranium prices low has no relief in sight due to excess inventories and slowed growth in China.

As quoted in the market news:

Japan is dragging its feet on deciding whether to hold on to any of its nuclear fleet. Elections have to be held within less than a year, and no one is willing to risk a controversial decision before then.

Will low prices last? Most analysts seem to think we’re still months away from a uranium price spike that would bring it back to the levels reached before the nuclear meltdown at Fukushima a year and a half ago. The month before the Fukushima meltdown, spot prices for uranium were close to $70.

Click here to read the full CNBC report.