Uranium price not rising

Australian Mining 26 August 2009 | by Michael Mills

Equity research company Resource Capital Research (RCR) said it is not expecting any significant changes to uranium spot prices in the near term.

The uranium spot price is currently trading at US$47.50 per pound, down 8% from the US$52 three months ago.

At the end of December 2008, the prices were US$52.50 per pound.

…………. The long term contract uranium price is US$65.00 per pound, which is down from US$70 per pound price at December 2008.

http://www.miningaustralia.com.au/Article/Flat-outlook-for-uranium-spot-prices/495758.aspx

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