Antinuclear

Long term uranium market not looking good

“There are a lot of projects on the drawing board that will have trouble getting into production or will be delayed”…we will probably need to see stronger prices.”…..
The “long-term” price “is really the more important indicator when it comes to supporting new project development, rather than the spot price,

Uranium Miners Need 25% Price Advance for Expansion Incentive, Rio Says,  Bloomberg, By Anna Stablum – Sep 23, 2010 Uranium must rise 25 percent to give mining companies an incentive to start or expand projects outside of top producer Kazakhstan, said Clark Beyer, managing director of Rio Tinto Uranium Ltd……..“You need probably a $75 price to incentivize a lot of the new projects around the world,” Beyer said yesterday in an interview. “It is certainly a helpful sign that things are picking up, but as yet we haven’t seen much movement in the long-term price.”…

.“There are a lot of projects on the drawing board that will have trouble getting into production or will be delayed” at current prices, Beyer said. “Almost all of the supply growth of the past five years has been in Kazakhstan. If it is going to be anywhere else, in Africa, Australia and Canada, we will probably need to see stronger prices.”…..
The “long-term” price “is really the more important indicator when it comes to supporting new project development, rather than the spot price,” Beyer sa

Uranium Miners Need 25% Price Advance for Expansion Incentive, Rio Says – Bloomberg

September 23, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium | antinuclear, Australia, nuclear costs, uranium