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  • Actual for You - $72/Pound Uranium Makes More Analysts Bullish about Price, Stocks

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    ranium prices represents a ‘secular’, transformational change in global energy markets – related partly to a shift by utilitie
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    A new record US$72 per pound for spot uranium, announced by TradeTech for the week of December 15th, has made analysts more bullish before the holidays.

    According to the December 21st Commodity Price Outlook, published by Scotiabank, and authored by Patricia M. Mohr, VP of Commodity Research for one of Canada’s leading banks, uranium is one of the bank’s two top minerals picks for 2007. “Uranium and zinc are our ‘top picks’ for investors in 2007,” Mohr wrote. She added, “The current upswing in uranium prices represents a ‘secular’, transformational change in global energy markets – related partly to a shift by utilities

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    According to the December 21st Commodity Price Outlook, published by Scotiabank, and authored by Patricia M. Mohr, VP of Commodity Research for one of Canada’s leading banks, uranium is one of the bank’s two top minerals picks for 2007. “Uranium and zinc are our ‘top picks’ for investors in 2007,” Mohr wrote. She added, “The current upswing in uranium prices represents a ‘secular’, transformational change in global energy markets – related partly to a shift by utilitie

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    by Patricia M. Mohr, VP of Commodity Research for one of Canada’s leading banks, uranium is one of the bank’s two top minerals picks for 2007. “Uranium and zinc are our ‘top picks’ for investors in 2007,” Mohr wrote. She added, “The current upswing in uranium prices represents a ‘secular’, transformational change in global energy markets – related partly to a shift by utilitie
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    picks for 2007. “Uranium and zinc are our ‘top picks’ for investors in 2007,” Mohr wrote. She added, “The current upswing in uranium prices represents a ‘secular’, transformational change in global energy markets – related partly to a shift by utilitie
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    ranium prices represents a ‘secular’, transformational change in global energy markets – related partly to a shift by utilities from high-priced fossil fuels – rather than a cyclical upswing.”

    Ms. Mohr noted that uranium was the third-best performing commodity in 2006 and will likely be the top performer in 2007. She forecast, “Spot uranium prices are expected to average US$80 in 2007 (ending the year close to US$90.”

    Jan van Uchelen of National Bank Financial (Geneva, Switzerland) remains bullish on the uranium sector. In a desk note, he wrote before the Christmas holiday, “With the TradeTech uranium price jumpin

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