Uranium Seen at $80/lb. by Year-End - TradeTech

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"Uranium prices could recover faster if the investor segment rekindles its interest."

Uranium prices, hurt after hedge funds sold holdings to cover losses in other markets, may recover by the end of the year should investors rekindle their interest in the nuclear fuel, a consultant said on Monday.

The spot market price of uranium has slipped to around $47 per pound, according to price reporting company TradeTech, which also said the prices could recover.

"Uranium prices could recover faster if the investor segment rekindles its interest," Gene Clark, the chief executive officer of TradeTech told a mining conference in Cape Town.

Clark however saw the price remaining volatile this year.

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