Thursday, September 3, 2009

Uranium price will remain low


Comment: Why is Virginia pushing uranium mining and the problems with pollution but the main problem are unstable uranium prices! Uranium prices are changing all the time and when the price is low, the uranium corp. will lay people off. Therefore, uranium mining is really a part time job that will kill you in the future! No to uranium mining!

By Christina MacPherson
Uranium price change not expected soon: analyst
Australian Journal of Mining by Paula Wallace Sep 02, 2009

The latest research report from Resource Capital Research shows that a key leading uranium price indicator is currently at US$47.50/lb, indicating there is no significant price change anticipated by the market in the near term………………

………..RCR’s report of global uranium companies reveals that traders are focused on the uranium supply side with the possibility of increased DOE liquidations leading to modest downside pressure……….

The long term contract uranium price is US$65.00/lb down from US$70/lb in December 2008, and relatively stable since peaking at US$95/lb from May 2007 to March 2008.
RCR said the strong uranium production increases continue in Namibia and Kazakhstan.

http://nuclearnewsaustralia.wordpress.com/2009/09/03/uranium-price-will-remain-low/

Uranium price change not expected soon: analyst

Wed, Sep 2, 2009
Uranium Market News
Australian Journal of Mining reports spot uranium price has remained unchanged at US$47.50/lb.

This Fund Implied Price (FIP) indicator currently carries the same valuation as the spot price for uranium.

Since the beginning of July, the FIP has traded in a range from ~US$44/lb to ~US$52/lb. This is up from US$35/lb at the end of March.

RCR’s report of global uranium companies reveals that traders are focused on the uranium supply side with the possibility of increased DOE liquidations leading to modest downside pressure.

“We expect equity performance in the sector will be driven by broader equity market trends in the coming months, and in relation to specific stocks, the achievement of significant project milestones.

http://www.uraniuminvestingnews.com/2130/uranium-price-change-not-expected-soon-analyst.html

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