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« Nuclear power in Japan post Fukushima | Main | Hillary’s Scary New Cash Tax »
Thursday
Mar102016

Uranium Market Poised to Take-Off?

Chart courtesey of u308.biz

(Kitco News) - The uranium market has been in a five-year bear market that shows no signs of bouncing back. 

But, one junior uranium player says the commodity is set for a strong move up.

Kitco News caught up with Amir Adnani, CEO and president of Corpus Christi, Texas-based Uranium Energy (NYSE-MKT: UEC), on the sidelines of the world’s largest mining conference, the Prospectors and Developers Conference (PDAC) in Toronto, which wrapped this week.

Spot prices of uranium, used to make fuel for nuclear power production, have been depressed since the 2011 Fukushima disaster in Japan, which led to the shutdown of the country’s reactors and generated stockpiles globally. Uranium currently trades around $32.15 a pound.

Read more......

 

False starts come and go - but one day uranium will be in demend once again.

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