Bloomberg.com reports Areva’s 2012 output for uranium may be reduced by 20% due to slump in prices.
The company said in September it expected to produce about 12,000 metric tons of uranium in 2012 and warned expansion plans could be modified because prices may no longer justify the cost. Uranium for immediate delivery fell 45 percent to $40.50 a pound [...]
Uranium miners making the news today include First Uranium Corp., Uranerz Energy Corporation, Bayswater Uranium Corporation and Khan Resources.
While uranium spot prices are expected to remain flat for 2010 and into 2011, rising demand from the growing nuclear power utilities sector should benefit uranium prices over the long-term.
For complete article, click onto Uranium Investing News.
Increasing global demand for nuclear power equals increasing demand for uranium supplies. And while the supply side is expected to be in a surplus over the short-term, the longer term outlook is still bullish.
The first nuclear plant of what some are calling “one of the world’s most ambitious expansions of nuclear-power capacity” is expected to [...]
Uranium Investing News & U308.biz reports uranium sector might be heading towards a bull market.
“We believe the uranium market is in the early stages of a bull market rally that could last three or four years,” says a report by RBC Capital Markets.
For complete story, click this link.
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Uranium Investing News & U308.biz report uranium spot fell with commodities’ market.
”We expect the uranium market to remain fairly robust over the next few years, and to support a price of roughly US$60/lb,” said Desjardins Securities analyst John Redstone.
The spot market price of uranium took a dive like most commodities after recession fears began to grow [...]
Uranium Investing News & U3O8.biz reports uranium spot market remains unchanged this week.
First, the numbers. Price publisher Ux Consulting left its spot price estimate flat at US$53 a pound U3O8, as did rival publisher Tradetech, at US$52 a pound U3O8. UxC says the market is quiet and could stay that way for a number of [...]
U308.biz & Uranium Investing News reports uranium prices fell to US$54.
Price publisher Ux Consulting lowered its spot uranium price to US$54 a pound U3O8. Uranium bulls say the slowdown is fueled by the upcoming winter holidays, during which markets traditionally slumber and commodity prices lose ground. The price slide comes just days after a supply-demand balance emerged [...]
Belmont Resources and International Montoro Resources report drill results from the Crackingstone property with intersection of 0.182% U3O8.
The drilling program was planned to test a northeasterly trending electromagnetic conductor coincident with the Boom Lake Fault which hosts the Beck 94 mineralized zone where surface sampling returned 1.24% U3O8 in 2007. This drilling tested and confirmed the presence of [...]
Uranium Investing News & u3o8.biz reports with recent market turmoil, Washington sends out a huge escue plan which fuelled huge gains across all the major boards.
In an effort to end the worst banking crisis since the Great Depression, the U.S. Treasury plans to buy mortgage-related securities from any financial institution headquartered in the United States, a move worth [...]
Uranium Investing News reports of celebration in Western Australia with a pro-uranium government while spot uranium price fell.
Price publisher Tradetech has dropped its spot uranium price indicator by US$1.50 to US$63 a pound U3O8. Meanwhile, rival publisher Ux Consulting dropped its spot uranium indicator $2.50 to US$62.
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Friday, March 5, 2010
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