Uranium Prices Start to Rebound

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In her analysis, Scotiabank economist Patricia Mohr said that spot uranium prices appear to be rallying from a lower of only US$57 per pound in mid-June. "However, term contract prices (before escalation) fell from US$90 to US$80 in late June. Price retreated earlier this year alongside lower ‘uncovered utility requirements', though discretionary, off-market buying to take advantage of bargain prices has been substantial."

Scotiabank economist Patricia Mohr Tuesday declared that "a banner year" is unfolding for Western Canadian potash and sulphur producers.

In her analysis, Mohr said that spot uranium prices appear to be rallying from a lower of only US$57 per pound in mid-June. "However, term contract prices (before escalation) fell from US$90 to US$80 in late June. Price retreated earlier this year alongside lower ‘uncovered utility requirements', though discretionary, off-market buying to take advantage of bargain prices has been substantial."

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