PRZOOM - /newswire/ -
Sarasota, FL, United States, 2007/01/09 - James Finch examines the metal’s price race to $100/pound. TradeTech says buyers faced with harsh reality of much higher prices and less available material.
“The year 2006 was undeniably the most extraordinary in the history of the uranium market,” wrote TradeTech Chief Executive Gene Clark in the December 31st issue of Nuclear Market Review. In an exclusive StockInterview.com two-part feature article, StockInterview’s James Finch poses the question investors, industry insiders and utilities are wondering: ‘How high will the uranium price reach in 2007?’
An indication of what might transpire was found in the latest issue of Nuclear Market Review (NMR), “Current spot demand now stands at almost 6 million pounds U3O8 equivalent and is expected to increase over the next few weeks as new demand emerges.” NMR editor Treva Klingbiel explained in the January 5th issue, “Several buyers that were considering purchases are now faced with the harsh reality of much higher prices and securing less material than they initially budgeted for or planned.” At this time, nineteen buyers are seeking long-term contracts for 57 million pounds of U3O8.
In a two-part article, entitled, “Uranium Price Forecast: Price Capitulation or Racing to $100/Pound,” StockInterview Senior Editor James Finch examines the inner workings of the uranium mining market, the promises and pitfalls investors might expect in 2007 and potential trouble on the horizon for the uranium price. The two-part series can be read online.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. StockInterview.com has rapidly become the most popular website on uranium mining stocks and is now widely followed as a result of its publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
The 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” is available online.