Uranium to trade between $40 and $60 per pound over the next 2 years - TradeTech

And, the group says, the price could reach as high as $80 a pound by early 2011

CAPE TOWN (Reuters) - 

The spot price of uranium, a vital ingredient for a resurgent nuclear industry, is seen at between $40 and $60 per pound over the next two years, a TradeTech analyst said on Monday.

"Our projection bounces around in this region of about $40 to $60 dollars a pound over the next two years," Gene Clark, chief executive of TradeTech told the Africa mining indaba in Cape Town.

"We wind up with the price rebounding possibly to above $80 a pound by early 2011, about the earliest we would expect that to happen," Clark said of possible supply disruptions. (Reporting by Wendell Roelf)

© Thomson Reuters 2010 All rights reserved.

SUBSCRIBE to Mineweb.com's free daily newsletter now.

SHARE THIS ARTICLE

Disclaimer

MINEWEB is an interactive publication, with rolling deadlines through each day, commencing in the Sydney morning,  and concluding, 24 hours later,  in the Vancouver evening.  If you believe your side of an issue deserves inclusion, but has failed to meet one of our deadlines, you are invited to notify the Editor in Chief in Johannesburg, and we will include you in our editing and expanding on our stories. Email him at alechogg@gmail.com

Print story      Email story      Subscribe to free newsletter

Back