Lackluster uranium spot market activity over the past few months is leading impatient investors to wonder if 2013 will truly be uranium's comeback year.
Articles Tagged "China"
This week, the uranium spot price fell 50 cents, to $43 per pound U3O8; however, the market is anticipating higher prices down the road.
An extremely destructive storm in Kazakhstan led to a temporary suspension of uranium mining in the Sozak region.
Mining Weekly reported that Niger wants to renegotiate its partnership terms on uranium mining with Areva, a deal which generates €100-million for the country. Niger president Mahamadou Issoufou said they are also looking to partner with other mining investors in their effort to boost their country’s economy.
Both industry experts and market watchers are confident that uranium spot prices will begin to rise this year as nuclear power plants are constructed and commissioned around the world.
Bloomberg reported that uranium is set to rebound from another annual decline with Japan considering reviving its atomic plants and China moving ahead with its nuclear building program, which is the biggest in the world.
Both China and India are making headlines again for their pursuit of uranium resources to fuel their ambitious civilian nuclear power programs.
Reuters reported China's biggest nuclear firm said nuclear project will be approved more slowly over the next few years to allay safety concerns, but commitment to the sector remained undimmed.
Uranium Investing News talks shop with resource stock guru Rick Mills, who believes a perfect storm of increasing demand alongside dropping above-ground supply will create ideal conditions for near-term producers.
IBTimes reported China's Ministry of Land and Resources says it has discover a large deposit of uranium in the northern part of the nation.