A Big Year Ahead For Uranium

Source:

. . .it would appear that the wider investment community has finally taken notice of the paradigm shift that has occurred in the uranium market over the past 36 months or so.

Amidst the severe turmoil on global commodity markets in the first three weeks of January one commodity has stood out like a solid oak in the middle of a corn field: uranium.

Admittedly, buying and selling on the open spot market has been rather quiet so far this year. But then again, the spot price for U3O8 (uranium oxide) made a few gigantic leaps in the final quarter of calendar 2006 finishing the year at an unexpected US$72/lb - more than double the US$35/lb recorded at the beginning of 2006.

So far, the spot price has not moved from its record high price level in January....It would appear that the wider investment community has finally taken notice of the paradigm shift that has occurred in the uranium market over the past 36 months or so.

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