Uranium news: Uranium price expected to move higher
Finally, looking at the uranium price this week, promising news came Thursday, when Cantor Fitzgerald released its Quarterly Commodity Outlook. The firm said it sees the price moving higher as utilities look to cover the current 15- to 20-percent shortfall.
That said, the firm has lowered its price forecast for Q4 2015 by 5.9 percent, and believes an uptick will occur later on. "[A] violent increase in the price of uranium will occur within 6-18 months as utilities rush to cover their uranium needs or be forced to operate their reactors below capacity," it states in the report.
At the moment, utilities are refraining from buying uranium under the premise that there is ample supply.
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.
Publisher: U3O8.biz
Author: Kristen Moran
Market Commentary - Thursday, October 29, 2015
Uranium news: Uranium price expected to move higher Finally,...
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