Uranium price not getting any better

Uranium Spot Prices Slip Below $50 Uranium Investing News, August 8, 2012, By Melissa Pistilli – The uranium spot price slipped further last week, dropping below the $50 mark for the first time in nearly a year as sellers gave in to lower bids.

This week, TradeTech is reporting a spot price of $49.50 per pound, down 25 cents from the previous week. …. The consulting firm said transaction activity in the spot market remains “exceptionally weak,” with transaction volume at less than 500,000 pounds of U308 over the past two months. Even with ConverDyn’s Metropolis Works conversion facility looking at a possible 15-month shutdown for safety upgrades, “the market is at a standstill.”…

August 8, 2012 - Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium

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