Antinuclear

13/07/29

Over the past few years, the uranium spot price found support whenever it fell to US$40 a pound. But not this time.

Uranium has plunged 14% over the last two months, and now sits at US$34.50 a pound after dropping another US$1.50 last week. It’s the lowest level since 2006.

“It appears that by the end of last week, a disorderly exit from the spot market was underway,” TD Securities analyst Greg Barnes said in a note…..