(Bloomberg) -- Uranium spot prices may reach $200 a
pound within the next two years, buoyed by a shortfall in supply
and increasing investment in the nuclear fuel by speculators,
Macquarie Bank Ltd. said.
The price reached $125 a pound in mid-May, a 12-fold
increase since early 2003, underpinned by a shortage, concerns
over future production and a lack of investment in new capacity,
Sydney-based Macquarie said in a June 1 report. Spot prices will
probably average $125 a pound this year, rising to $135 next year,
Australia's biggest securities firm said.
Read more at Bloomberg Energy News
pound within the next two years, buoyed by a shortfall in supply
and increasing investment in the nuclear fuel by speculators,
Macquarie Bank Ltd. said.
The price reached $125 a pound in mid-May, a 12-fold
increase since early 2003, underpinned by a shortage, concerns
over future production and a lack of investment in new capacity,
Sydney-based Macquarie said in a June 1 report. Spot prices will
probably average $125 a pound this year, rising to $135 next year,
Australia's biggest securities firm said.
Read more at Bloomberg Energy News
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