Uranium prices on the up as producers announce major supply cutbacks

Uranium prices on the up as producers announce major supply cutbacks: "Uranium prices on the up as producers announce major supply cutbacks
The weak price of uranium (U3O8) has turned the corner and is slowly improving thanks to significant production cuts from existing producers.
The nine year bear market which took the spot price down from approximately US$140/lb U3O8 in 2007 has slowly begun to turn upwards says uranium junior GoviEx in a briefing to shareholders, investors and media."



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