A retrospective on 1993: Uranium prices fell far short of expectations-Why?

This article is a summary of calander year 1993's Uranium market activities. The prognosis for the year was favorable, with an anticipated rise to prices in the $10.50-$11.50 per pound range if not higher. This price rise never occurred, and reasons for the actual decline in prices are given in the article. These reasons included the rush of deals signed at the end of 1992 that artificially inflated demand and prices at that time. Additionally, many utilities have taken steps to maintain a much lower inventory, thus reducing demand and prices. Dumping of Commonwealth of Independent States' uranium in Europe at prices between $7.00 and $7.90 per pound was also a major factor