BA-Merrill Lynch has become the latest broker to downgrade uranium price forecasts as another week of little interest passes by.
A lack of buyer interest saw the spot uranium price fall further in the week of the third anniversary of the Fukushima accident.
The spot uranium price continues to slip and while analysts still see a future recovery, timescale assumptions are extending.
Japan’s new longer term nuclear policy proposal has done little to stir up demand in the short term market.
The first restart date for a Japanese reactor post-Fukushima is quietly moving closer while the spot uranium market continues to track sideways.
Spot uranium activity remains lacklustre but developments in Japan may suggest some light at the end of the tunnel.
Paladin’s announced shutdown of its Kayelekera project will remove supply and has thus sparked a higher uranium spot price.
January saw a jump in activity in the uranium market over a quiet December.
The spot uranium price has dipped again while the world awaits a decision from Japan and analysts argue over the outlook.
It was last August when an institutional buyer entered the spot market for a sizeable volume of uranium. They’re back.