Earlier last week, Dow Jones MarketWatch reporter Myra Saefong contacted us with some very interesting questions about the NYMEX uranium futures contracts. These contracts will commence trading on May 7th. Previously, we had made inquiries about the viability of this futures market, and realized that a few expert opinions would be insufficient to do this story justice.
Rather than simply respond with our opinion, we decided to poll a cross-section of our readership. While not everyone was surveyed (we randomly emailed only about 1500 subscribers), we did receive an adequate response – nearly 400....
Two Expert Opinions
Over the past week, we’ve spoken to several industry experts about the impact of uranium futures on the uranium price. Will it work? Yellowcake Mining director Dr. Robert Rich, who has spent several decades in every aspect of the nuclear fuel cycle, talked to a number of utility executives at the recent nuclear fuel conference in Budapest. He felt they were pretty excited about the prospects for uranium futures trading. “It may be too early to tell,” Dr. Rich told us, “but I think futures trading shows promise.”
In a prepared response, TradeTech chief executive Gene Clark wrote of those he has talked with, “The most interested parties have been the electric utility company fuel managers, who seem to be willing to try anything new that will give them the power to halt the price run-up.” He also pointed out utility fuel managers have “little, if any, experience in such (futures) markets.”
Rather than simply respond with our opinion, we decided to poll a cross-section of our readership. While not everyone was surveyed (we randomly emailed only about 1500 subscribers), we did receive an adequate response – nearly 400....
Two Expert Opinions
Over the past week, we’ve spoken to several industry experts about the impact of uranium futures on the uranium price. Will it work? Yellowcake Mining director Dr. Robert Rich, who has spent several decades in every aspect of the nuclear fuel cycle, talked to a number of utility executives at the recent nuclear fuel conference in Budapest. He felt they were pretty excited about the prospects for uranium futures trading. “It may be too early to tell,” Dr. Rich told us, “but I think futures trading shows promise.”
In a prepared response, TradeTech chief executive Gene Clark wrote of those he has talked with, “The most interested parties have been the electric utility company fuel managers, who seem to be willing to try anything new that will give them the power to halt the price run-up.” He also pointed out utility fuel managers have “little, if any, experience in such (futures) markets.”
