If this trend continues, we will soon see Uranium prices higher than they have ever been (even after adjustment).The blue curve is actual prices; the pink is adjusted for inflation.
This is an informal indication of global nuclear demand [current and forecast], but more importantly, may result in more motivated U exploration in the not-too-distant future.
For the current spot price, look here.
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There's already a fair bit of exploration going on, I believe - at least, there's a lot of money being raised on the stock market for uranium exploration.
ReplyDeleteI know there's a lot of interest (e.g. money) in further recovery of known reserves - hence all the important people flying to Australia recently.
ReplyDeleteBut I'm not aware of that much actual exploration (more risk and quite expensive).
Grateful for any additional information.