Obama Takes Flak for DOE Sale

- October 14th, 2009

Uranium Investing News & U3o8.biz report that Obama administration taking the latest flak from the uranium industry. Those keeping tabs on the uranium spot market are well aware that industry analysts believe the DOE move is definitely causing some concern in the market. The fear is that the transfer will flood the market with overabundant … Continued

Uranium Investing News & U3o8.biz report that Obama administration taking the latest flak from the uranium industry.

Those keeping tabs on the uranium spot market are well aware that industry analysts believe the DOE move is definitely causing some concern in the market. The fear is that the transfer will flood the market with overabundant supply and continue to weigh prices down.

The spot market price doesn’t just affect buyers and sellers, it affects the industry as a whole and that includes jobs.

Wyoming Governor Dave Freudenthal shared his concerns for the possible negative impact on the uranium industry in his state in a letter to the US Energy Secretary Steven Chu asking for a veto of the action.

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