Comment: Hope the price of uranium stays at the bottom and no no nuke power!
By Jason Scott - Jun 27, 2011 10:04 PM ET .
Uranium spot prices fell 0.5 percent as demand remained weak amid Japan’s nuclear crisis, Ux Consulting Co. said.
Uranium-oxide concentrate for immediate delivery was at $54.25 a pound in the seven days through June 27, Ux said in an e-mailed report today. That’s based on the most competitive offer tracked by the Roswell, Georgia-based company.
The spot price for the nuclear fuel, which has declined 18 percent since the week before a March 11 earthquake and tsunami damaged Tokyo Electric Power Co.’s Fukushima Dai-Ichi power station, has fallen by $3.25 this month. The nuclear accident, the worst since Chernobyl in 1986, has seen Tokyo Electric attempt to bring damaged reactors under control using outside pumps, after cooling systems were knocked out
Read more:
http://www.bloomberg.com/news/2011-06-28/uranium-spot-prices-decline-in-wake-of-japan-crisis-ux-says.html
