Uranium Market Stabilizes -- USEC and Uranium Resources Rebound
The Bedford Report Provides Equity Research on USEC & Uranium Resources
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/17/11 -- Uranium prices are finally starting to stabilize as companies are cutting back on production. Demand has softened following the Fukushima nuclear disaster, leading producers to slow production to conserve margins. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on USEC, Inc. (NYSE: USU) and Uranium Resources, Inc. (NASDAQ: URRE). Access to the full company reports can be found at:
Uranium prices have yet to recover from the aftermath of Japan's devastating earthquake in March. Demand has slumped as Germany announced plans to close all 17 of its nuclear power reactors by 2022. Until recently, production remained on the upswing. However, earlier this month the world's top producer, Kazakhstan, announced that it has stabilized production to around 20,000 metric tons annually in order to avoid further depressing prices.
Sergei Dara, Director of Strategic Development and International Projects at Kazatomprom, the state nuclear company, said as long as prices remain at their current low levels, "Kazakhstan will not develop new projects and our production will remain at the current level."
The Bedford Report releases stock research on the Uranium Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.
Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas where the Company currently has ISR mining projects.
USEC Inc., together with its subsidiaries, supplies low enriched uranium (LEU) to commercial nuclear power plants in the United States and internationally. The company recently announced that its board of directors voted to continue the company's investment in the American Centrifuge Plant for the month of October, but at a reduced spending rate as the company continues working with the Department of Energy (DOE) to achieve a conditional loan guarantee commitment for the project by November 1.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 17.10.2011 - 06:16 Uhr
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