Uranium Recovery Postponed as Price Drops to 2-Year Low: Energy
This article is for subscribers only.
Uranium’s recovery from the Fukushima nuclear accident may take one or two years longer than analysts estimated as stockpiles in Japan and Germany keep prices low and cause mining companies to defer new development.
The price of uranium for immediate delivery declined to $47 a pound as of Sept. 17, its lowest in two years, according to Ux Consulting, a Roswell, Georgia-based uranium information provider. BHP Billiton Ltd. and Paladin Energy Ltd. have slowed or deferred development this year of some projects to produce the raw material in nuclear reactor fuel.