Chinese investor steps in to block Paladin’s Fission Uranium buy
CGN Mining Company, a subsidiary of China General Nuclear Power with a 11.26% stake in Fission Uranium, is obstructing the tie-up.
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.
