Dave Brown has worked for over a decade in the capital markets and wealth management industries. Having spent over seven years working within the Portfolio Management division of the largest privately owned mutual fund company in Canada he was most recently occupied in a more intimate sized high net worth boutique located in Toronto. Dave’s open and closed ended trust fund mandates and structured product offerings have included both international and domestic equities and he has been writing on mining investment opportunities for Resource Investing News since 2008. He received his formal training in both geography and education from Brock University. As an active community member, Dave has volunteered and been active for 12 years in various committees serving a number of roles with Family and Children’s Society and also as treasurer and newsletter editor for a local chapter of UNICEF.
Continued lack of demand for short term delivery is continuing to place downward pressure on uranium spot market prices with TradeTech reporting a value of $50.25 per pound.
Japan recently ended two months without nuclear power when it restarted one of Kansai Electric’s nuclear reactors. New energy-efficiency targets and more approvals are expected to follow, but can Japan avoid a creeping dependence on fossil fuels to meet its energy needs?
TradeTech is reporting a spot market uranium price of $50.75 per pound as speculation about impending approvals for Japanese nuclear reactor operations grows.
The cost of moving away from nuclear power has already been observed in Germany’s industrial sector, but now it is starting to take a toll on low-income consumers.
China National Nuclear Power Co. is planning the country’s largest-ever initial public offering on the Shanghai Stock Exchange in order to finance the development of nuclear power projects.
The announcement that Cameco intends to raise up to $1 billion has resulted in speculation from analysts that the uranium exploration and mining industry is preparing for a number of merger and acquisition competitions.
With a relatively small value of transactions to report, spot market uranium prices have remained stable over the previous period; however, one buyer is considering market entry, which could potentially exert additional upward pressure on uranium prices.
