Why the Uranium Price will Bounce Back
Thursday, November 24, 2016 at 10:29PM
Uranium Stocks

It's been a tough year for the uranium industry, but some experts are saying it's on its way to a price recovery.

The uranium price remains at record lows, falling from $34.70 per pound at the start of the year to $18.50 per pound by mid-November. That’s roughly a 53 percent drop over the year, and many have been bearish on a price rebound.

Still the uranium future outlook is positive among many in the industry, even though it’s currently the complete opposite.

Understandably, it can be difficult to not get caught up in the present–especially when times have been tough–but there is a strong consensus in the sector that it’ll bounce back sooner than one may think.

In particular, Berkeley Energia (ASX:BKY) has started working on a $100 million uranium mine, which will allegedly create almost 500 jobs, help with its demand and, in the same vein, the price.

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Article originally appeared on Uranium Stocks (http://www.uranium-stocks.net/).
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