Uranium production market remains soft

NEW YORK, NY–(Marketwire -08/25/11)- The uranium market has slowed to a halt in recent weeks amid continued uncertainty surrounding the global nuclear energy industry. Meanwhile, uranium producers are posting lackluster results as demand for the radioactive material slows. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on Cameco Corporation (NYSE: CCJ – News) (TSX: CCO.TO – News) and Uranium Resources, Inc. (NASDAQ: URRE – News).Access to the full company reports can be found at:

The spot price for uranium has declined 24 percent since the week before the March 11 earthquake and tsunami damaged Tokyo Electric Power Co.’s Fukushima Dai-Ichi power station. According to Ux Consulting Co., “A number of market participants have indicated that recent market activity has been very limited… This lack of activity has been described as the market looking like a ghost town.”

“Some activity still proceeds as the spot price floats near the $50 level,” Ux said. “Several spot transactions have been posted over the past week, most involving smaller quantities.”