With prices at decade-highs, has uranium’s time in the sun finally arrived?

It could be the dawn of a right new day for uranium. Picture: Getty Images Uranium prices have had more false dawns than the Gold Coast Suns have since their introduction to the AFL in 2011.

That was the same year Fukushima sent yellowcake on a more-than-half-decade descent into a crushing bear market that knocked all but the major players out, eventually cratering at $US18/lb.

Those prices were so low even the world’s biggest producers were losing money and had to ice operations to survive.

But a portrait of a nuclear renaissance is being painted ever brighter, as spot prices cleared a decade high yet again, touching $US67/lb on Tuesday. For the latest mining news, sign up here for free Stockhead daily newsletters It followed bullish reports from the World Nuclear Association and price reporter Ux Consulting, both of whom think new operations will be needed to fill uranium demand from nuclear […]

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About the author: StockMan

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