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Uranium prices have fallen sharply from a high of $105/lb due to increased supply and moderating demand growth.
Japan's reactor restarts and China's nuclear expansion were strong catalysts powering prices higher, but supply is now catching up.
Cameco's production ramp will add to supply pressures.
It's been a rough year for uranium investors. After peaking at about $105/lb early last year, the price of U308 has been on a constant downslope and now sits in the mid-60s....