Club Mulgoa

Thursday, June 12, 2014

Where are those smart analysts for the price of uranium?

Before 2013, quite a few analysts predicted that the price of uranium would hit the roof when the Russian contract to supply the USA with cheap uranium (from decommissioned nuclear warheads) would terminate in 2013.

This is 2014.  Starting a uranium mine is not cheap.  There are many hurdles to clear, too.  Yet, uranium producers have been sold down, making losses and mothballing some operations.  Of course, they didn't foresee Fukushima.  But that does not explain the fall in uranium price completely.

So where are these analysts?  None have acknowledged their error!

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