Excerpted from the Northern Miner, www.northernminer.com November, 12 2014
An encouraging feature of today’s mineral industry is that it’s not bad news across the board, as a few subsectors — such as diamonds and nickel — have seen strong price increases and renewed investor interest this year.
Well, now we can add uranium to the list. After a pretty much continuous price decline since March 2011 and the Fukushima nuclear disaster in Japan, prior to which spot prices for uranium oxide prices had peaked above US$70 per lb., the spot price on Nov. 10, 2014, jumped US$5 to US$41.75 per lb. as tallied by UxC, and well up from the desultory sub-US$29 level seen from May through July.
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