Uranium spot is reacting

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Wed, Jul 28, 2010
Uranium Market News
Post by Geetha Raghavan, Uranium Researcher

 

Stockhouse.ca reports uranium sector is reacting.

 

A $4-plus rise in the energy metal’s spot price (to $46 per pound) has pushed almost everything in the uranium equity market higher. Precisely three years ago, uranium at $140 a pound) started its shedding act.

Reasons for the reaction: 60 nuclear plants under construction: China, Russia, India, Argentina, even the USA. Brokerage analysts and metals mavens see $55 uranium in the next two years. (Best recent research: Bloomberg.)

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