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Uranium’s Perfect Storm Is Brewing

The stars are aligned for uranium prices, said Blake Steele, president and CEO of Azarga Uranium.

“I think you’ve got a bit of a perfect storm brewing here. You’ve got the demand pressures coming out of China. You’ve got Japanese restarts. You’ve got nine reactors restarting in Japan,” Steele told Kitco News on the sidelines of the Swiss Mining Institute Conference in Geneva.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 23688.80 0.40%
S&P 500 2552.57 0.26%
NASDAQ 6785.50 0.47%
TSX 14407.97 0.31%
TSX-V 543.16 0.00%

Resource Commodities

Name Last Change
Gold 1249.39 0.30%
Silver 14.64 0.00
Copper 2.75 0.010
Platinum 791.00 0.18%
Oil 49.88 2.65%
Natural Gas 3.53 8.48%
Uranium 28.63 0.35%
Zinc 1.17 0.00%

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