Uranium Prices to Rebound as Japan Disaster Memories Fade

FP reports that uranium prices will rebound with the future high demand for electricity.

The market news is quoted as saying:

“The market will begin to recover in 2012 as the events at Fukushima become less of a driving force and the supply-demand fundamentals re-assert themselves,” he said in a note. “There is not enough uranium production, either current or planned, to satisfy reactor needs, initial core requirements and inventories for new reactors. A sustainably higher price should help resolve this gap.”

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