Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Mineweb reports on the recent interview with Versant Partners Analyst, Rob Chang on the uranium price trend.
The market news is quoted as saying:
Switching to the long-term price, which better indicates how utilities see things, it was around $73/lb. prior to the disaster. After the first post-Fukushima price update, it only declined $1/lb., a fantastic sign that the utilities and the producers didn’t see much of a long-term impact. It has declined a little since then-and is currently down 7%, to $68/lb.
