| Abstract: |
Uranium prices will need to gain by around 50% from current levels to make new mining projects economic, at least outside of low-cost Kazakhstan, Vadim Zhivov, the director-general of Russia's State-owned uranium miner told Mining Weekly Online on Wednesday.
Zhivov, whose Atomredmetzoloto (ARMZ) agreed earlier this year to buy a controlling stake in Canadian miner Uranium One, said in an interview in Toronto that that he expects uranium spot prices will rise to around $50/lb or $55/lb in the next couple of years, with further, “steady” increases beyond that. |