more_reports

Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

Uranium Prices Start to Rebound

Share on Stocktwits

Source:

In her analysis, Scotiabank economist Patricia Mohr said that spot uranium prices appear to be rallying from a lower of only US$57 per pound in mid-June. "However, term contract prices (before escalation) fell from US$90 to US$80 in late June. Price retreated earlier this year alongside lower ‘uncovered utility requirements', though discretionary, off-market buying to take advantage of bargain prices has been substantial."

Scotiabank economist Patricia Mohr Tuesday declared that "a banner year" is unfolding for Western Canadian potash and sulphur producers.

In her analysis, Mohr said that spot uranium prices appear to be rallying from a lower of only US$57 per pound in mid-June. "However, term contract prices (before escalation) fell from US$90 to US$80 in late June. Price retreated earlier this year alongside lower ‘uncovered utility requirements', though discretionary, off-market buying to take advantage of bargain prices has been substantial."

Get Our Streetwise Reports' Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe