As the price of uranium continues to remain relatively stable, China continues to exert pressure on secure energy resources. While the expectation from Extract is that an offer price of $8.65 per share will be proposed by next month the independent directors are hesitant to make any firm recommendation until an offer has been confirmed.
Articles Tagged "investing news"
Mark Lackey, Investment Strategist with Pope & Company forecasts growth in the uranium mining industry, "We think the prices will head up closer to $70 next year and then in 2013 we can get back closer to $100."
UxConsulting reported that “The spot uranium market continues to edge downward on price-sensitive demand. August is the height of the vacation season, giving buyers yet another reason to stay away from a market that has been languishing this summer as the implications of the Fukushima accident have set in.”
Although this new potential finding in the southern part of the Kadapa basin would augment the present domestic supply of uranium for India, there will still be a considerable gap for the country’s future demands. Like China, India's rapidly expanding economy is heavily dependent on coal, as it obtains less than three percent of its energy from nuclear power.
By Melissa Pistilli-Exclusive to Uranium Investing News Despite the spot price of uranium dropping yet another dollar to $45 per pound, recent reports from the World Nuclear Association (WNA), the International Atomic Energy Association (IAEA) and industry consultant UxC show that uranium demand is set to outpace uranium supply in the coming decade. China and [...]
By Melissa Pistilli-Exclusive to Uranium Investing News Both the industry’s two leading consultancy firms, TradeTech and Ux, have lowered their weekly uranium spot price indicators to $52 per pound, erasing last week’s gains. The dramatic increase in the short-term U3O8 price from $49 to $55 over the past month brought new supply to market, but [...]
By Melissa Pistilli-Exclusive to Uranium Investing News On Friday, industry consultant TradeTech LLC announced it had raised its weekly uranium spot price indicator by $3 to $55 per pound in step with what it calls “robust demand” in the uranium market. Since bottoming at its lowest level in over three years in April ($40 per [...]
By Melissa Pistilli-Exclusive to Uranium Investing News Savvy investors are well aware of the impact political risk can have on the market perception of a company’s share value. The mining industry is especially vulnerable to political risk and the affect it can have on investor interest. If you follow the uranium market, then you’re probably [...]
By Melissa Pistilli-Exclusive to Uranium Investing News Rising demand for uranium and the reality of a supply shortfall are finally having an impact on the spot price of yellowcake. The price has been on an uptrend this past month, reaching $51 per pound this past week. As nations look for ways to keep up with [...]
By Melissa Pistilli-Exclusive to Uranium Investing News The uranium spot price rose for the first time in nearly six months on Friday to $41.50 a pound, up 2.5 per cent according to TradeTech LLC. So far over 4.3 million pounds have been traded for the month of April, nearly double that of January through March [...]