The price of uranium falls to $47/pound, the lowest in 2 years as a "wave of optimism" Japanese...

|By:, SA News Editor

The price of uranium falls to $47/pound, the lowest in 2 years as a "wave of optimism" Japanese demand would bounce back or China would step in was misplaced. Low prices may bring high prices though as both BHP Billiton and Paladin Energy have slowed or postponed development of uranium mines even as nuclear reactors continue to be built.