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Uranium Demand Could Outstrip Supply For Three Years Straight (CCJ)

Wed, Nov 25, 2009

Uranium Market News

Business Insider reports uranium price will potentially bounce back from the fallen prices in 2008.

World uranium consumption outstripped production in 2008 and could do the same in 2009 and 2010. According to the Australian Bureau of Agricultural and Resource Economics (ABARE) this could send uranium prices up 22% from a forecast average of 46.4 US$ in 2009 to $56.7 in 2010.

 

 

Meanwhile, Nymex Uranium futures for December 2010 delivery appear to be around $48.50. Thus ABARE’s last commodities outlook might not yet be priced into the market consensus for this radioactive metal.

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Asides
  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

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  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

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  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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