nuclear-news

Continued decline in price of uranium

 Uranium Continues to Slide, 9 News 18 July 12 Last week was another slightly down-week for uranium spot prices, with industry consultant TradeTech reporting just three transactions taking place. Total volume on the spot market was 400,000 pounds, with little activity in either the supply or demand side. TradeTech notes the lack of any sort of firm demand is continuing to place downward pressure on spot prices.
Sellers, for the most part, just don’t want to cut their prices and buyers remain speculative in nature.  This is a continuation of the prevalent trend over recent months and means the gap between willing sellers and buyers is continuing to increase.

Based on TradeTech’s assessment of the level at which it assumes a willing buyer and willing seller would do a deal, it’s Weekly U3O8 Spot Price Indicator finished last week at US$50.25 per pound, down US$0.35 from the previous week’s value….
http://finance.ninemsn.com.au/newscolumnists/other/8500561/uranium-continues-to-slide

July 18, 2012 - Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium