Antinuclear

Uranium industry looking more and more like a long term casualty

Blind to a uranium fallout Business Spectator, by Robert Gottliebsen , 2 Nov 2012 I have to keep pinching myself. I see this enormous change ahead for world energy yet people keep acting as though nothing is happening.

The latest long-term casualty looks like being uranium and the already delayed BHP Olympic Dam big pit along with Campbell Newman’s hopes to resume Queensland uranium exports…

.. Last night Dundee Capital Markets cut its near-term uranium price forecast. Given that the uranium price has fallen from $US65 per pound to around $42 this was miserable news for the uranium industry and further fallout from the Fukushima disaster.

But Dundee still forecasts a return to $US65 in the long term. They may be right but as the US becomes a low-cost energy country once again – and one that is slashing its carbon output – and steaming coal prices remain low it’s going to be harder and harder to justify higher uranium prices…..
http://www.businessspectator.com.au/bs.nsf/Article/shale-gas-BHP-Olympic-Dam-Newman-Queensland-uraniu-pd20121102-ZMRF7?opendocument&src=rss

November 2, 2012 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium