FNArena reports on several factors contributing to the uranium spot price and the uranium sector.

The market news is quoted as saying:

At end- May the global spot uranium price indicator as derived by the industryconsultant TradeTech had risen by US$1.50 over the end April price to US$56.50/lb, having traded down to US$50 after the March tsunami damaged the Fukushima reactors and suddenly sparked a rethink on global nuclear energy policy.

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