Description: Don’t look now – but uranium prices rose almost seven percent in the latest quarter to around $40 US, making it one of the better-performing hard commodities. Joe Mazumder, analyst with Canaccord Genuity, says there is still an oversupply of uranium that is keeping prices from approaching pre-Fukushima levels.
Source: BNN.ca – video report
Date: Nov 29, 2013
Questions for Discussions:
- What does this report suggest is the direction for uranium prices?
- What are the major factors that will influence the future price of this commodity?
- What are the risks to investors and miners?