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Answer Upon - Uranium to Top $125/lb by 2010
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Worries over future supplies are growing among the investment community as 251 new nuclear reactors
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The spot price for uranium is now trading at a two-decade high of $72 per pound. Current spot prices, which are up nearly 800% over the past ten years, have nearly doubled from $36.25 a pound last January as hedge funds and other financial investors have snapped up the commodity in anticipation of supply shortages amid increasing demand from energy producers.
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The spot price for uranium is now trading at a two-decade high of $72 per pound. Current spot prices, which are up nearly 800% over the past ten years, have nearly doubled from $36.25 a pound last January as hedge funds and other financial investors have snapped up the commodity in anticipation of supply shortages amid increasing demand from energy producers.
Worries over future supplies are growing among the investment community as 251 new nuclear reactors
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Worries over future supplies are growing among the investment community as 251 new nuclear reactors
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Worries over future supplies are growing among the investment community as 251 new nuclear reactors
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Worries over future supplies are growing among the investment community as 251 new nuclear reactors either being built or planned compared with the 442 in production.
In fact, from what we hear, it will take 20 to 30 years to ease the uranium supply/demand pressure because there are simply not enough new mines or production.
For the past two weeks, uranium prices have remained flat. But on the week of December 25th, uranium gained $6.50 a pound, the biggest weekly gain in over 20 years. This gain came after reports of an auction, on behalf of U.S. uranium producer Mestena Uranium, of some 26
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