Uranium prices are being dramatically affected by the shutdown of nuclear reactors in the wake of the Fukushima Daiichi nuclear disaster as supply overwhelms demand.
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The unexpected drought has also led uranium mines in Australia and Africa to close down due to unprofitability.
According to UBS the marginal cost of production of uranium is $35 per pound. On May 14th, 2014, uranium prices dropped to $28.40 USD a pound, the lowest since June 2005.
Average Price of Uranium Per Pound
2014 $33.93 2013 $38.47 2012 $48.90 2011 $66.50 2010 $46.27 2007 $135
Read more at Uranium suppliers forced to cut production due to lack of demand
