Uranium fundamentals strong

Uranium Investing News & U308.biz reports uranium price is doing well amongst all other commodities.

Although the spot price is hovering around $47/lb, the majority of uranium sales have come through long-term contracts priced around $70/lb. Still far below the record $138/lb. we saw in 2007, but uranium producers are managing good margins.

It’s quite possible we could see the price of uranium double once again given that the underlying fundamentals for the uranium boom are still strong. Supply constraints are imminent since the financial meltdown has put many uranium projects on hold; however, global demand is once again picking up steam as nations look to meet their energy needs.

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