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Uranium spot price experiences better week
under News . Trading July 13th, 2011 by IFandP Newsroom
Last week saw only three transactions in the spot uranium market as both demand and supply remain sluggish. On the seller side, most have met their near-term goals and have withdrawn from the market. Those that remain on the market have raised prices. For buyers this meant that as the week passed, consistently higher prices were met. As a result, TradeTech reports its weekly spot price indicator up US$2 to US$53.75/lb uranium oxide on 8 July.
Meanwhile, the UX Consulting Company confirms this upward trend albeit on a more modest scale as it noted a price rise of US$1 to US$53.75/lb on 11 July.
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