Rising demand, limited supply suggest price increases for uranium
Post by Melissa Pistilli, Uranium Reporter
Metal Miner reports on the trend of uranium price, supply and demand.
When all other metals hit a high in 2007-8, crashed and have now made significant gains, uranium has moved steadily downwards. After peaking to over $130/lb briefly in mid 2007, the uranium oxide price has drifted down to less than $47.50/lb today according to Jean Nortier, the CEO of Vancouver-based Uranium One quoted this week in Mining Weekly.
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