Not much to be optimistic about for Uranium shareholdersNick Carter, executive VP of uranium at UxC,
told Northern Miner, “(UxC sees) a continued upward trend in the spot price over the rest of the year, as producers buy lower-cost inventories and utilities in the next 11 months.” In 2019, the nuclear industry market research firm predicts the spot price could reach into the low to mid US$30s and gradually climb into the low US$40s in the next five years. The long-term price movement is often slow to follow spot, but UxC thinks we may see a long-term price of US$36 per pound by the end of 2019, moving into the mid US$40s five years from now. The Bank of Montreal is more bullish in its uranium price forecast, projecting
a long-term contract price of US$55 per pound by 2023.