Antinuclear

Australian analysts show that uranium price is STILL going down

Uranium spot price could fall more,  Star-Tribune, Tom Mast, September 11, 2011  The spot price of uranium, which tumbled following a Japanese nuclear disaster last spring, could fall even further in the short term.

That’s the assessment of Sydney, Australia-based Resource Capital Research. In its September quarter review, the firm noted a current spot price of $48.85. It is now back to the level seen after a March 11 earthquake and tsunami crippled a nuclear power complex at Fukushima, Japan…..

The firm said the fund-implied price, which is an indicator of market price expectations looking out three to six months, points to a spot price of $45.95. This reflects expectations of possible new supplies entering the market later this year…..

September 12, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium