Friday, April 03, 2009

Uranium and potash are top picks

The top mining stock picks from the Royal Bank of Canada Capital Markets (RBCCM) are uranium [right, credit USGS] and fertilizer companies, as reported on

They expect a rebound in the uranium spot price by the second half of 2009 due to continuing demand coupled with significant production cuts.

There is major lease action and exploration currently underway in northern Arizona for uranium.

The demand for potash is for production of fertilizer and RBCCM expects a rebound here as well, with fall crop prices supporting high fertilizer demand. Arizona has as much as 1/4 of the US resource base in potash. Although there is no Arizona production, the deposit is being explored.

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