Uranium price forecast 2012- 2013

Uranium price forecast 2012 - 2013 ; The price of uranium has rebounded 20 per cent in three days as utilities see a buying opportunity in the price collapse that followed the earthquake and nuclear scare in Japan. But analysts said the outlook for the uranium market remained gloomy as countries rethought nuclear power programmes in the wake of the Japanese quake.

The price of uranium oxide, the most commonly traded form of the nuclear fuel, plummeted 27 per cent to $50 a pound in the spot market in the days following the earthquake, as investors who had bet on the renaissance of the nuclear power industry pulled out en masse.

the price of uranium could fall below $45 a pound by mid-2012 if China pulled back from the market having fully stocked. Few investors have access to uranium because it is not traded on any futures exchange. However, some hedge funds and banks, including Deutsche Bank and Goldman Sachs, are active in the market.

Uranium price forecast for 2011 and 2012
At least one analyst, Patricia Mohr, vice-president of economics and commodities specialist at Bank of Nova Scotia, sees prices hitting $85 by the middle of 2012. She cites the Megatons to Megawatts program’s end in 2013 as a big factor in the upward pressure on prices. The 20-year agreement between Russia and the U.S. mandated that the two countries convert 500 tons of weapons grade uranium into useable fuel for power plants. With the deal set to expire in two years, uranium supplies will be strained.Read More...

Uranium Market Outlook from Royal Bank of Canada
The Royal bank is still projecting increases in mined uranium of about 3500 tons for 2011 over 2010 and 6000 tons for 2012 over 2011. The Royal Bank has performed a thorough mine by mine and country by country analysis going out to 2020. They are expecting China to have 90 GW of nuclear power generation in 2020 and a minimum of 80 GW of nuclear energy in 2020.Read More...

Uranium Price Forecasts
Energy & Metals Consensus Forecasts is the result of a comprehensive quarterly survey of over 30 of the world’s most prominent commodity forecasters covering over 25 individual commodity price forecasts including uranium. The only publication of its kind, Energy & Metals Consensus Forecasts contains detailed individual analyst and average (mean) price forecasts for the next 10 quarters as well as the long-term outlook. Read More...

Uranium price forecast 2012, Uranium price predictions 2013, uranium prices outlook 2011, Uranium supply forecast for 2012,
For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: