Nick Carter, vice president of UxC, explained that 8 or 9 producers account for approximately 80% to 90% of world production.

FORBES: Forget Gold and Oil, Buy Uranium!

Nick Carter of UxC Consulting explained that hedge funds and investors, buying into physical uranium, managed to inflate and pop a bubble which decimated investor confidence for years.

FORBES: Magazine Article

UxC even sells future contracts at the CME.

FORBES: Forget Gold and Oil, Buy Uranium!

Uranium is not traded in an exchange, but two firms, the UxC Consulting Company and TradeTech, have developed spot price indexes which have come to be accepted by the industry.

FORBES: Forget Gold and Oil, Buy Uranium!

State-owned enterprises China National Nuclear Corporation and China Guangdong Nuclear Power Corporation will be a big part of that, but UxC Consulting estimates China will need 50 to 60 million pounds of uranium per year.

FORBES: Magazine Article

Experts at Ux Consulting (UxC), which produces what has become the industry standard price index for uranium, noted that while underlying fundamentals remain strong, financial speculation and the possible dumping of supplies into the market could keep prices for the yellow metal suppressed in the short to medium run. (Read Uranium and Nuclear Stocks Feel The Shock Waves Of Fukishima Meltdown).

FORBES: Speculators Push Uranium Prices Down, China Keeps Long Term Prospects Intact