October 2014 Analysis

Market Strategy - Evaluating Uranium As Predicted Recovery Materialises - OCT 2014

We expect uranium prices to head modestly higher over the coming months as Japan makes progress in restarting its nuclear reactors. At the same time, healthy supply of uranium will prevent prices from returning to pre-2013 levels. In line with the view we published in June, uranium prices appear to have bottomed out and several uranium miners will continue to benefit from the rebound.