Uranium prices have dropped about 70% from their highs in 2007, but with Asia's drive for nuclear power going strong, and expected only to strengthen further, there's plenty of opportunity for prices to return to higher ground. Uranium spot prices are at around $41 per pound, having registered a steep decline from a 2007 high of $136, according to industry sources.
Despite that, prices are "still historically high and expected to go up due to increasing demand from new reactor construction, a phasing out of secondary, nonmined supplies and substantial lag time involved in bringing new mines to market," said David Stellfox, European editor of Platts Nuclear Publications. (more)
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