At the beginning of 2011, analysts all over the place championed a "renaissance" of nuclear power. The Japanese tsunami and subsequent Fukishima nuclear accident in March challenge market sentiment; spot prices and stocks alike suffer setbacks. The Energy Report has been there for the whole wild ride, interviewing industry experts, sharing sector news and scouting out the best companies for any market. Read on for a display of expert commentary on this still-promising sector.
After a sluggish 2009 and a slow 2010, uranium seemed to be coming into its own at the opening of 2011. The spot price went from $42/pound (lb) at the end of the decade to start 2011 higher than $60/lb. It quickly topped $70/lb in February and had $75/lb in its sights before the March 11 Fukushima nuclear accidents slammed it back down momentarily to $50/lb. With the exemption of a couple bounces, it stayed lower through the rest of the year, closing at $52/lb.
The Energy Report research shows that uranium company stock prices normally followed the spot price as deliberate in the UXA1 Commodity Futures Price (shown as the bright red line). The real low for approximately all the companies and the commodity itself was in August and September, with signs of life frequent in the fall.
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