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URA - Uranium Price Trades Below Cost Of Production - With Louis James
Global X Uranium
I’m guessing you’d be hard-pressed to find many folks on Wall Street who know that uranium is currently trading below its cost of production.
As with a current spot price of $25.70, the average cost of production is about $40 per pound. While commodities analyst Louis James mentions that the “incentive price” for the miners to get new projects into production is about $60 per pound.
So while the market has been sitting below the cost of production for some time now, and it’s unclear exactly when these dynamics will change, for long-term investors it’s