Uranium remains undervalued
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PrintPost by Melissa Pistilli, Resource Reporter
Uranium Investing News & U308.biz report uranium spot price in the short term has fallen $2.50 to $42 per pound U308 continuing its three month downtrend.
However, some analysts point out that although these fears are influencing the short-term price, long-term prices have not been affected because strong fundamentals in the uranium market as a whole remain in place. Both Ux and TradeTech’s longer term price benchmark is still at $65 per pound.
The stockpiles DOE might bring to market would probably only account for barely 2 perc ent or less of annual uranium supply and won’t make much of an impact on longer term supply and demand, says Dundee Securities analyst David Talbot.
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