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 25490.50 1.12%
S&P 500 2822.24 1.21%
NASDAQ 7628.28 1.61%
TSX 16164.61 1.01%
TSX-V 602.02 0.00%

Resource Commodities

Name Last Change
Gold 1281.93 0.00
Silver 14.60 0.00
Copper 2.68 2.681
Platinum 901.00 0.67%
Oil 61.42 2.78%
Natural Gas 2.54 2.75%
Uranium 24.25 1.34%
Zinc 1.20 0

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