No real recovery in sight for dismal uranium prices
FN Arena reports (15 April 14) “……The recovery will not, however, be long lasting under CIMB’s modelling. Despite recent voluntary cuts to supply, including Paladin Energy’s Kayelekeera mine in Malawi being placed into care & maintenance, and despite the end of the Russian HEU supply agreement, CIMB sees the global uranium market drifting back in to surplus by 2016. …
In the meantime, UBS is the most recent of brokers to mark uranium prices to market for the purpose of producer valuations. The broker has cut its 2014 average price forecast to US$39/lb from US$43/lb previously. …”
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Antinuclear 
I notice that the spot price for U3O8 has continued its downward slide at an accelerating rate and has just hit US$30/lb.
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[…] mining. Now here is an Australian mystery. Uranium prices continually topple yet all the business pages tout up what a good investment is uranium. It really does look more […]
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