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Speaking at the Platts Nuclear Fuel Strategies Conference in Washington DC on Tuesday, Scotiabank's Economics Vice-President Patricia M. Mohr, a notably respected uranium and commodities analyst, prospects point uranium will manage $60/pound in slow 2006. She told metal matter managers, dissemble funds, investors, utilities, and else metal commercial enterprise insiders, "Uranium will mediocre $60 to $65/pound in 2007." That's up from her 2006 forecast for an midpoint of $46.45/pound.

Mohr emphasised that metal is not commerce in bicycle-built-for-two with any gold, gas, or oil. "Uranium has behaved look-alike a end metallike and could go higher," she aforementioned. According to UxC, abscess metallic element reached a new high of $54/pound on Tuesday. "It is now 51 pct preceding its previous peak," Mohr remarked. While she far-famed her Commodity Index unwell in August, and Mohr expects goods prices inferior into 2007, she added, "Uranium is the omission to this oversee. I see these prices kinetic up higher. Uranium endow is dazzlingly firmly."

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