Rob Chang, Canada metals and mining analyst at Cantor Fitzgerald, told Uranium Investing News what may propel the uranium market out of the current slump and gave his top uranium equity picks.
Articles Tagged "uranium price"
Jim Paterson, CEO and director of Kivillaq Energy, discusses the significant progress and successes at the company’s Angilak uranium exploration property in Nunavut Territory, Canada.
Both China and India are making headlines again for their pursuit of uranium resources to fuel their ambitious civilian nuclear power programs.
Globe and Mail reported diplomats from Canada and India are working to resume trade in nuclear materials and technology.
Platts reported the spot market price of uranium remained right around $49 over the past week despite increased buying activity.
A "supplementary protocol" to the 1994 pact on nuclear cooperation will now enable Canadian uranium to be exported to China.
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.
TradeTech is reporting a spot market uranium price of $50.75 per pound as speculation about impending approvals for Japanese nuclear reactor operations grows.
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.
Uranium prospects remain bullish with projections of an inevitable supply deficit and 491 new reactors planned or proposed globally, a total of nine more than before Fukushima.