Uranium Will Have 2010 Surplus on Increased Output, Group Says
By Anna Stablum and Lars Paulsson Sept. 10 (Bloomberg) – The uranium market will have a surplus next year for the first time in at least three years as Kazatomprom and other producers increase output faster than demand rises for the nuclear fuel, the World Nuclear Association said.
Supplies will exceed consumption by 2,914 metric tons……………………Uranium prices will fall by 25 percent this year to an average of $48 a pound and trade as low as $40 by December, Max Layton, an analyst at Macquarie Bank Group Ltd. in London, said yesterday. The metal for immediate delivery was $45 a pound as of Sept. 7, according to Roswell, Georgia-based Ux Consulting Co. Uranium rose to a record $136 in July 2007. http://www.bloomberg.com/apps/news?pid=20601081&sid=aBdquiLlfJA8
Tags: antinuclear, business and costs, nuclear, uranium
