Uranium price could stagnate at low levels, for years
Now here’s an unusual item from the Australian business pages. Instead of the usual big talking up of the future for Australia’s uranium companies, – darned if one investment writer hasn’t told it like IT IS!
Uranium on the nose, The Motley Fool By Mike King – May 16, 2013 More than 26 months after the nuclear accident at Fukushima, Japan, the nuclear industry is still feeling the effects with depressed uranium prices and cost pressures that are squeezing margins……
The price for uranium has fallen 40% since Fukushima to US$40 a pound, as Japan suspended its fleet of nuclear plants, while Germany…
….. the uranium price could stagnate at current levels for many years, much like it did after previous nuclear incidents. Japan may not restart its reactors, preferring instead to seek other energy alternatives, and reactors currently under construction could still be cancelled or postponed.
That is not good news for ASX listed uranium miners Paladin, Energy Resources of Australia (ASX: ERA), Toro Energy (ASX: TOE) or Deep Yellow Limited (ASX: DYL). http://www.fool.com.au/2013/05/16/uranium-on-the-nose/
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