Whether you like it or not it's a Fact. Even T. Boone Pickens has downsized his Wind Power plans.
RPT-Bay Street Week Ahead-Uranium readies for revival.
OTTAWA, Nov 30 (Reuters) - Uranium miners have found themselves with a hearty recipe for powering a stock market revival: rising prices for the nuclear fuel, strong demand, and supply disruptions. The only ingredient missing is investors.
The spot price for uranium UX-U3O8-SPT has surged 25 percent over the past five weeks, a performance unmatched by the stocks of companies in the uranium sector. From a basket of 56 stocks tracked by Haywood Securities, for example, 42 fell over the last week, three were unchanged, and just 11 saw gains.
"These companies are putting out news that is good for the supply and demand situation, but hurts the individual companies," said Dundee Securities analyst David Talbot.
U3O8 Weekly Spot Price Indicator
TradeTech's U3O8 Weekly Spot Price Indicator
The U3O8 Weekly Spot Price Indicator is TradeTech’s judgment of the price at which spot transactions for significant quantities of natural uranium concentrates could be concluded as of the end of each Friday. Published at the end of each week starting in TradeTech’s Nuclear Market Review for March 8, 1996.
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