Global X Uranium ETF(NYSE:URA): Uranium In Focus For 2018 | ETF Daily News: "Uranium Could Make A Big Comeback In 2018 (URA)
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December 30, 2017 7:39am NYSE:URA
From Matt Badiali: The forecast showed an extra 20 million pounds of uranium production for 2018 … with no buyers. As you can imagine, the uranium price plummeted.
It hit its lowest price in October 2016 at $18.75 per pound. That touched a 13-year low price.
The downtrend began back in 2011. The uranium price peaked at $72.50 per pound in January 2011. It fell steadily since then, down a total of 74%."
'via Blog this'
Share This Article
December 30, 2017 7:39am NYSE:URA
From Matt Badiali: The forecast showed an extra 20 million pounds of uranium production for 2018 … with no buyers. As you can imagine, the uranium price plummeted.
It hit its lowest price in October 2016 at $18.75 per pound. That touched a 13-year low price.
The downtrend began back in 2011. The uranium price peaked at $72.50 per pound in January 2011. It fell steadily since then, down a total of 74%."
'via Blog this'
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