nuclear-news

How low can the uranium price go?

Spot uranium price eases to about $35.60/lb Washington (Platts)–28 Jan 2014 The uranium spot price is around $35.60 a pound U3O8, about 15 cents lower than last Tuesday, as buyers showed resistance to rising offer prices that followed the mid-month announcement that an institutional buyer was poised to purchase a substantial amount of material, market sources said in interviews…..The spot price has declined since it crested at just over $36/lb on January 20, according to market sources.

“The excitement of [UPC] buying up to 1 million lb has worn off a bit,” one market source said. “[T]his led to less optimism on the price and more resistance [by buyers] to higher offer prices, so the spot price weakened a bit,” he said.

“People tried to raise [sell] offers to see if buyers would bite, but they didn’t and the price came down towards $35.50″ a lb, a second market source said in an interview……. http://www.platts.com/latest-news/electric-power/washington/spot-uranium-price-eases-to-about-3560lb-21138271

January 29, 2014 - Posted by Christina Macpherson | Uncategorized