Two Australian Studies Positive on Uranium Outlook

Source:

The Australian team for Deutsche Bank's Global Markets Research believes that while the broking house's projection on the future uranium spot price has now been lowered it would still be robust at least until the end of 2009, and perhaps beyond.

The Australian team for Deutsche Bank's Global Markets Research believes that while the broking house's projection on the future uranium spot price has now been lowered it would still be robust at least until the end of 2009, and perhaps beyond.

A revision on a June quarter assessment was that the projected 2007 spot price would average lower at $US101.35/lb, would then average $US128.75/lb in 2008 and be about $US130/lb in 2009 before tapering to $US95/lb in 2010.

A serious imbalance would remain between supply and demand until 2009 "at the very least," the latest report said.

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