Uranium: Interest is building - Rudi Filapek-Vandyck | Livewire:
The spot uranium price ticked up again last week and growing 2019 demand suggests further upside. In this wire, Greg Peel discusses improving prices, the US conundrum, and new reactors for Japan.
Improving prices
Following the prior week’s spurt of activity and breakout 5% price jump, the uranium spot market was again busy last week before fading towards the US long weekend. Utilities were once again among the buyers. Industry consultant TradeTech reports 1.4mlbs U3O8 changed hands in ten transactions. The consultant’s weekly spot price indicator rose a further US35c to US$22.85/lb.
The spot uranium price ticked up again last week and growing 2019 demand suggests further upside. In this wire, Greg Peel discusses improving prices, the US conundrum, and new reactors for Japan.
Improving prices
Following the prior week’s spurt of activity and breakout 5% price jump, the uranium spot market was again busy last week before fading towards the US long weekend. Utilities were once again among the buyers. Industry consultant TradeTech reports 1.4mlbs U3O8 changed hands in ten transactions. The consultant’s weekly spot price indicator rose a further US35c to US$22.85/lb.
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