Uranium's sickly price problem | Business Spectator

Uranium's sickly price problem | Business Spectator: "Uranium's sickly price problem
Jim Green11 Oct, 9:18 AM2
ClimateEnergy markets
The spot uranium price fell to $US34.50/lb U3O8 in late July, a price not seen since December 2005 during the upswing of a spectacular price bubble which peaked in June 2007 at $US138. The 12 per cent price slump in July was the biggest monthly loss since March 2011.

Since July, the spot price has fallen further still, to $US34, before surging to $US35 where it sits now. Recent prices are just over half the spot price of $US66.50 on March 11, 2011, the first day of the triple-disaster in northeast Japan."

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