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« Gold To Head Higher, But There’s A New Metal To Watch - Cayman Speaker | Main | Gold-prices.biz Stock Trader Update 11 November 2014 »
Monday
Nov102014

Uranium Spot Prices Could Rise Above $50/lb in 12 Months, Says H.C. Wainwright (URZ) (UEC) (URG)

H.C. Wainwright analyst Jeffrey Wright thinks uranium spot prices could rise above $50 per lb in the next twelve months. The reported noted a positive decision regarding the restart of two Japanese nuclear reactors, which could alleviate psychological pressures on the uranium market.

"Since falling below $40 per lb in 2013, spot prices have been unable to breach the $40 per lb mark until now. The recent recovery in spot prices from a little above $28 per lb earlier this year to more than $40 per lb, is encouraging for US uranium producers. We believe uranium spot prices could rise above $50 per lb in the next twelve months, which could support both sustainable production and exploration activities," said Wright.

"A key consideration in the uranium market is that historically, this has been a thinly traded environment with fewer participants than other commodity markets.

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