Tight Supplies, Weather and Russia Point to Higher Uranium Prices This Summer
SARASOTA, Fla., June 14, 2006 (Webwire)–
StockInterview.com’s Senior Editor James Finch noted a confluence of indicators in his recent Market Outlook Journal column, which began with an announcement on the TradeTech LLC website, “Buyers are expected to compete aggressively for this material and TradeTech expects uranium prices to continue their upward climb in June.”
Finch noted Russia’s ongoing squabble with the U.S. Department of Commerce, and remarks recently made by Sergei Kiriyenko, head of Russia’s Federal Agency for Nuclear Power, to U.S. utilities and about the future of the HEU deal with the United States. He also reviewed the recent hurricane season forecast issued by the Atmospheric Science Department at Colorado State University. Finch concluded in his assessment, “Russia’s desire for a uranium/nuclear monopoly, hurricanes, tight supplies through the summer and the likelihood of yet another energy crisis before Labor Day could spell a significant boost in spot uranium pricing. It would not surprise us should spot uranium trade closer to $60/pound over the next 100 days.”
To read James Finch’s commentary on uranium prices, please visit the Internet news website, StockInterview.com. The Market Outlook Journal feature is entitled, “Even Higher Uranium Prices Ahead This Summer,” and can be found on this webpage: http://www.stockinterview.com/journal.html
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