Miners and utilities at odds over uranium price forecasts

Nowhere was it more evident of battle lines being drawn between suppliers and end users in the nuclear fuel sector than at the Platts Second Annual Nuclear Fuel Strategies conference on September 26th. Since April, various utility consultants and fuel brokers have routinely contacted StockInterview to 'talk down' the uranium price. Frequent is the mantra about how speculators and hedge funds are driving the spot uranium price higher. But spot uranium and long-term contracts march higher each month.

Clearly Kundalkar's audience disagreed with his conclusions of a uranium price downturn, sometime in 2007. Had Kundalkar presented his thesis to a less savvy audience, he might have received something more than a polite applause when he stepped down. From the disgruntled audience, one long-time industry consultant asked Kundalkar point blank: Have you heard of peak oil?

(2006-10-03 12:25:08 SGT) [Energy] Permalink

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