The stars are aligned for uranium prices, said Blake Steele, president and CEO of Azarga Uranium.

“I think you’ve got a bit of a perfect storm brewing here. You’ve got the demand pressures coming out of China. You’ve got Japanese restarts. You’ve got nine reactors restarting in Japan,” Steele told Kitco News on the sidelines of the Swiss Mining Institute Conference in Geneva.

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Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 26559.50 0.40%
S&P 500 2905.03 0.16%
NASDAQ 7998.06 0.02%
TSX 16612.81 0.41%
TSX-V 609.21 0.00%

Resource Commodities

Name Last Change
Gold 1274.26 0.00
Silver 14.91 0.67%
Copper 2.93 2.927
Platinum 901.00 0.67%
Oil 64.00 0.38%
Natural Gas 2.49 1.08%
Uranium 25.88 0.12%
Zinc 1.27 0

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