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Bleak prospects for uranium price

An Un-Happy New Year For Uranium2/02/2010 Nine MSN By Andrew Nelson January was tough on uranium, with U3O8 prices dropping more than 5%, or US$2.25/lb to $42.25/lb from the prior month. The price is now at its lowest level since March 2009.The fairly steady decline that has been seen over the past few months is primarily the function of supply and demand fundamentals, with a high availability of stock not being helped by increasingly low-priced supply and light, mostly discretionary demand………….with demand remaining discretionary in nature, buyers are only really moving to lock in lower prices. Unfortunately, this demand is being met by an ever increasing willingness on the part of some sellers to lower prices further in order to close sales.

An Un-Happy New Year For Uranium

February 4, 2010 - Posted by | 2 WORLD, business and costs | , , ,

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