CNBC reported spot uranium prices low has no relief in sight due to excess inventories and slowed growth in China.
As quoted in the market news:
Japan is dragging its feet on deciding whether to hold on to any of its nuclear fleet. Elections have to be held within less than a year, and no one is willing to risk a controversial decision before then.
Will low prices last? Most analysts seem to think we’re still months away from a uranium price spike that would bring it back to the levels reached before the nuclear meltdown at Fukushima a year and a half ago. The month before the Fukushima meltdown, spot prices for uranium were close to $70.