hopes fade for short term uranium recovery

Hopes fade for short term Uranium Recovery

http://finance.ninemsn.com.au/newscolumnists/greg/8812567/hopes-fade-for-short-term-uranium-recovery

"Uncertainty still holds sway over the uranium market, as all of the above might attest. JP Morgan is one broker who has long forecast an imminent tightening in the market and a resultant price increase but now JP Morgan, too, has backed off. The broker still believes the market will improve in the medium term but concedes a global inventory overhang means this is not going to happen any time soon.....the broker is now forced to wind back its price recovery expectations and lower its near term price forecasts. The year-end forecast drops 10% to US$45/lb to render a 2014 average price of US$40.30/lb, down 11 % from the previous forecast..."