News & Features, Resource News, Uranium

Uranium stock rerating ahead as supply/demand gap looms

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By Padma Nagappan

The Energy Report: Why is the uranium market still down more than a year after the Fukushima accident?

Edward Sterck: While the uranium price is lower than it was immediately prior to Fukushima, it’s important to remember that it is at a higher level than we saw in mid-2010, which was only six months before Fukushima. At that time, the uranium price was in the mid- to low-$40s, and we’re now in the mid- to low $50s. From that perspective, I think the market is looking more robust than it did in 2010 despite the impact of Fukushima.