Uranium market to stay in the doldrums for the foreseeable future
Hopes fade for Short Term Uranium Recovery 9 News 13 Mar 14,While the Japanese prime minister has recently reaffirmed the country’s commitment to nuclear energy after two years of market anticipation (and the third anniversary of the Fukushima disaster now passed), the reaffirmation has come across as more “motherhood” than suggesting any renewed urgency to speed up reactor restarts. The market’s mood may brighten when the first Japanese reactor does actually restart at some point this year, but until then there are no signs near term demand for uranium is about to pick up…….
Uncertainty still holds sway over the uranium market, as all of the above might attest. …..
the broker is now forced to wind back its price recovery expectations and lower its near term price forecasts. The year-end forecast drops 10% to US$45/lb to render a 2014 average price of US$40.30/lb, down 11 % from the previous forecast, while the 2015 average forecast price is lowered 17% to US$50/lb…..http://finance.ninemsn.com.au/newscolumnists/greg/8812567/hopes-fade-for-short-term-uranium-recovery
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