Friday, April 9, 2010

Uranium - whereto now?



Now that it looks as though the Gobal Financial Crisis is becoming a dim memory; I wonder what will happen to the price of Uranium?


Stockmarkets have recovered and the Chinese economy is still powering along. Oil is now trading around the $80 mark; well above its two year low. Yet the price of Uranium is still hovering just above $40. China is numerous nuclear reactors, has more on the drawing board and is planning even more. These will all need fuel.