Uranium prices hit $75

Uranium prices have resumed their upward climb after an apparent five-week lull. The spot price for the fissile metal, the key component of atomic fuel, rose to $75 (U.S.) a pound in the week ended Monday, up $3, Ux Consulting Co. LLC of Roswell, Ga., said in a weekly report.

Uranium has been one of the hottest performers among commodities in the past several years. Its spot price has more than tripled since 2004, and a number of analysts expect it to approach the $100-a-pound mark this year. The metal does not trade on any public market, and Ux Consulting tracks prices by keeping tabs on private deals.

A key recent impetus for the upward climb was the flooding late last October of a massive planned Cameco Inc. mine at Cigar Lake, Sask., that, assuming it can be saved and brought on stream down the road, could churn out as much as 17% of annual world production.

- Uranium goes up to $75 while crude oil hovers around $57. That's interesting.

Post a Comment:

Comments are closed for this entry.

« Author Sidney Sheldo... | Main | As corn price rises,... »

Most popular blog postings on lowem.log :

1. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Honda Civic Hybrid preliminary specifications released
4. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
5. How to insert currency exchange rates into Google Spreadsheets
6. Singapore : Nuclear power not ruled out
7. Live spot gold price quotes chart on COMEX
8. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option

Featured articles on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004

Custom Search