Forget About Uranium Market Rebound Until 2019, Rosatom Says
- Market will take three years to rebalance, producer says
- Rosatom plans stable uranium ore production through 2019
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Uranium miners will have to wait until at least 2019 for prices to rebound enough to start new fields, according to Russia’s Rosatom Corp.
Spot uranium prices fell more than 60 percent since the 2011 Fukushima nuclear disaster led Japan to halt all its reactors, according to data from Ux Consulting Co. While prices may either fall further or rise 15 to 25 percent from current levels until 2019, there won’t be “significant growth,” said Kirill Komarov, first deputy head of the state-owned nuclear company that is the world’s fourth-largest uranium producer.