Uranium in the Land Down Under

Source:

". . .analysts and others in the industry are confident that uranium miners are poised to do well."

Despite the uranium spot price losing another 1.8% for a second week in a row, now at $40.50 a pound, analysts and others in the industry are confident that uranium miners are poised to do well.

Mineweb's Ross Louthean points to the promising announcements from uranium companies at this year's uranium conference in Adelaide and the release of Resource Capital Research's (RCR) latest quarterly report as strong indicators of uranium's recovery in the commodities market.

The RCR report, which Louthean calls "a benchmark for uranium company watchers in Australia," details a number of advancing projects and underscores the sector's strong fundamentals.

Australia already has three producing mines in the regions of Southern Australia and the Northern Territory. There are a number of projects advancing in the uranium-rich nation, particularly in Western Australia (WA) where the government recently lifted a six-year ban on uranium mining.

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