Another uranium operation closure offers hope

NEWS that Cameco was shutting down production indefinitely at its key McArthur River uranium operations in Canada is seen by ASX-listed developers as a good sign a sustainable and significant turnaround has to happen. The big question is when?! Bloomberg quoted one analyst as suggesting the spot price could jump to between 15-20% in the short term – from its current price of around $24 per pound – but it’s arguably a doubling a price that’s closer to what’s actually needed by producers.

Another uranium operation closure offers hope Another uranium operation closure offers hope Another uranium operation closure offers hope Another uranium operation closure offers hope Another uranium operation closure offers hope

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