Antinuclear

No price relief in sight for Australia’s troubles uranum miners

Tough times ahead for uranium miners  ABC Rural  By Tara de Landgrafft   19 Nov 13,  “……With a number of Japanese reactors still offline after the 2011 earthquake, there is an oversupply of uranium in the marketplace…..it will be a tough two years ahead for current producers, with one Australian miner already going into care and maintenance.

“You could have up to 40 to 50 per cent of producers who are actually operating at a loss at present,” he said.

“We’ve got a shorter term surplus in the market where you’ve got reactors offline and material that would have been entering into term contracts, those have been deferred, and that’s finding its way probably more into the short, medium-term market.” http://www.abc.net.au/news/2013-11-19/nrn-uranium/5101704

November 19, 2013 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium