http://uraniuminvestingnews.com/12597/uranium-market-supply-defic...

http://uraniuminvestingnews.com/12597/uranium-market-supply-deficit-demand-spot-price-purepoint-rockgate-crosshair.html#.UFukEnHcQck.email

"Market watchers are forecasting a uranium supply deficit that should push spot prices higher in the coming years. But for now, “off-putting” best describes prices, as many uranium resource companies are delaying new development until economies improve.

Uranium spot prices continued to fall this week as analysts called for no new net demand until 2016 or 2017, a slower market recovery than expected. TradeTech is reporting a U308 spot price of $48 per pound while Ux Consulting puts the price at $47/lb.

Reports blame Japanese and German stockpiles as both nations have announced plans to phase out their civilian nuclear porograms.

Yet the mid- to long-term outlook remains positive. “The supply/demand fundamentals for uranium are looking good, because the long-term prices and the spot prices will have to increase to catalyze enough production to meet demand,” said Alka Singh, independent researcher and founder of Mine2Capital, in a recent interview with The Energy Report. She notes that annual uranium demand for nuclear power totals 177 million pounds globally while worldwide production in 2011 was 130 million pounds.

David Sadowski, an analyst at Raymond James, said he expects an average of $60 per pound in 2013, $72 in 2014 and $75 in 2015."