Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The uranium business is still stuck in a rut more than 21 months after Fukushima, and there's...

  • Wednesday, December 12, 2012, 5:41 PM ET
    The uranium business is still stuck in a rut more than 21 months after Fukushima, and there's little sign of a turnaround in 2013 as Japan's plans remain up in the air. Optimists point to long-term demand - 62 reactors under construction worldwide - and weak pricing and cost pressures that have ground many projects to a halt. Spot prices may have found a floor near $40/lb., but ~$60 is seen as breakeven.
Track new comments on this story

This news story has 2 comments:

  •  
    apparently "The Japanese have just bought 23 hydrogen re-combiners from Areva to update nuclear reactors with new safety features. The fact that the Japanese are investing in nuclear shows that they are serious about turning reactors back on. Japan is headed into an election in December where the opposition party who is pro nuclear is leading the polls. Could this be the catalyst to spark a rebound in the spot uranium prices?"....this from an interesting article By Jeb Hanwerger..the link is here,
    http://seekingalpha.co...
    Seems likely that Uranium is forming a bottom here and may be squeezed dramatically in 2013....for diversification i've bought into URA,tc
    12 Dec 2012, 05:48 PM Reply Like
  •  
    Hard to imagine yellowcake dropping too much more from here.
    12 Dec 2012, 11:16 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Energy & Materials Articles
More Latest Articles »