Price of uranium continues to drop
Half-hearted uranium price response to Olympic Dam incident
TORONTO – The uranium spot price firmed in October, after BHP Billiton reported an accident at its Olympic Dam copper/uranium mine mine, in Australia, but has failed to find support at the higher level, Australian equity research firm Resource Capital Research (RCR) commented on Friday.
The spot price of uranium rallied from $43,50/lb to $49,50/lb by the end of October, following the Olympic Dam incident on October 6, but has retreated to $45/lb.
“Given the incident is likely to remove two-million pounds of U3O8 from the market by the first quarter of 2010 (when production is expected to recommence), in our view it is a little concerning that there hasn’t been a more sustained price response,” RCR commented in a quarterly report on the uranium market.
At $45/lb, the spot price is 5% lower than three months ago, when it traded at $47,50/lb, and well below the $52,50/lb at the end of December 2008.
RCR’s price outlook is “flat”, with no significant change in the uranium spot price expected in the near term.
No comments yet.
1.This month
International Uranium Film Festival Berlin 2022 Friday, October 7th 2022 – Zeiss Large Planetarium
8.30 p.m TOTEM & ORE
Australia, 2019, Director & Producer: John Mandelberg, Executive Producer: Bozic Wongar,Actress and speaker: Ursula Yovich, documentary, with German subtitles, 97 min.
German premiereThe film begins in 1945 with the atomic annihilation of Hiroshima and ends with the Fukushima meltdown in 2011. It examines the aftermath of atomic bombs, nuclear weapons tests and the Fukushima reactor accident. Radioactive fallout from the British nuclear tests in the 1950s and 1960s at Emu Field and Maralinga in South Australia not only contaminated large parts of the Australian outback. Radioactive rain also reached cities like Adelaide. Above all, however, the Aborigines have suffered from this to this day.
“Totem & Ore” tells the historical tragedies and fears from the point of view of witnesses of the atomic bombing and atomic bomb tests. Indigenous people, activists, filmmakers, artists, actors, writers, composers, doctors and professors all have their say. Ursula Yovich, a Native American actress, appeals: “There must be no more place in the world for nuclear weapons!”
Totem & Ore received a special recognition from the 2022 International Uranium Film Festival
National anti-AUKUS Coalition website
https://antiaukuscoalition.org/ National day of action planned for September 16
FIFTY SHADES OF TRUTH – the Grayzone
Max Blumenthal & Aaron Mate slam corporate media disinfo at Collision Toronto
Antinuclear 
Leave a Reply