Uranium Demand Could Outstrip Supply For Three Years Straight (CCJ)

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Wed, Nov 25, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

Business Insider reports uranium price will potentially bounce back from the fallen prices in 2008.

World uranium consumption outstripped production in 2008 and could do the same in 2009 and 2010. According to the Australian Bureau of Agricultural and Resource Economics (ABARE) this could send uranium prices up 22% from a forecast average of 46.4 US$ in 2009 to $56.7 in 2010.

 

 

Meanwhile, Nymex Uranium futures for December 2010 delivery appear to be around $48.50. Thus ABARE’s last commodities outlook might not yet be priced into the market consensus for this radioactive metal.

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