Uranium Prices Could Soar to $140 Per Lb: "Analysts unanimously expect the uranium market will go through another bull run, and this week a managing director at Bannerman Resources said uranium could climb past $140 per lb in this upcoming bull run.
According to Australian Mining, speaking at the Africa Downunder conference in Perth this week, Bannerman Resources managing director Brandon Munro said the current decade-low prices for uranium were unsustainable. “The uranium spot price is languishing at a decade low price of $US20 per pound. While all commodity markets are cyclical – and it is said that the best remedy for low prices is low prices – uranium has unique dynamics that point to an abrupt return to higher prices when its time comes.”"
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According to Australian Mining, speaking at the Africa Downunder conference in Perth this week, Bannerman Resources managing director Brandon Munro said the current decade-low prices for uranium were unsustainable. “The uranium spot price is languishing at a decade low price of $US20 per pound. While all commodity markets are cyclical – and it is said that the best remedy for low prices is low prices – uranium has unique dynamics that point to an abrupt return to higher prices when its time comes.”"
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