Uranium Demand Expected to Pick Up as Emerging Markets Continue to Drive Energy Demand
October 25 2012 - 8:20AM
Marketwired
Uranium stocks have struggled recently as uranium prices have
experienced a sharp decline. Spot prices for uranium are currently
at a new two-year low according to Ux Consulting. The Global X
Uranium ETF (URA) has fallen nearly 14 percent year-to-date, after
gaining as much as 20 percent during the first quarter. The Paragon
Report examines investing opportunities in the Uranium Industry and
provides equity research on Cameco Corp. (NYSE: CCJ) (TSX: CCO) and
Denison Mines Corp. (NYSE: DNN) (TSX: DML).
Access to the full company reports can be found at:
www.ParagonReport.com/CCJ
www.ParagonReport.com/DNN
The Uranium Industry was hit hard last year as a major
earthquake and tsunami wiped out reactors in Japan. Prices for
uranium have fallen to $47 per pound, as of September, from $68 per
pound before the disaster. Ux reported that sales volumes of
uranium in the third quarter totaled 9.3 million pounds, which was
the first time in four years volumes were less than 10 million
pounds.
Paragon Report releases regular market updates on the Uranium
Industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.ParagonReport.com and get exclusive
access to our numerous stock reports and industry newsletters.
Despite the current slide the long-term outlook for the industry
remains positive as energy starved nations such as China and India,
as well as the oil-rich nations of Saudi Arabia and the United Arab
Emirates, currently have reactors under construction. Globally a
total of 95 nuclear reactors are planned over the next two
decades.
"What this means to me is that even the countries with tons of
oil know nuclear is the future. The 21st century is going to be
nuclear," said Jeb Handwerger analyst and founder of Gold Stock
Trades.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at: http://www.paragonreport.com/disclaimer
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