No explosive growth for uranium

BARRY FITZGERALD
April 14, 2010 - 9:53AM

The slide in uranium prices from the June 2007 record $US136 a pound continues, with the radioactive material last quoted on a spot basis of $US41.75 a pound.

The promised boom in prices as the world soaked up the stuff to fuel an explosive growth in greenhouse gas friendly nuclear power has not happened, not yet anyway.(the whole nuke cycle is full of CO2 from uranium mining to building plants,etc)

Local investors in the sector know that all too well. The producers are down by 25-35 per cent from their 52-week highs and the explorers are generally showing falls of 50 per cent from their 52-week peaks.

The slump in prices, and expectations that there won't be much price action for a couple of years.

Read more:
http://www.smh.com.au/business/no-explosive-growth-for-uranium-20100414-sb5g.html