“Significant demand continues to emerge with off-market buyers acquiring over one million pounds U3O8 equivalent in five transactions over the past week, with each transaction concluded at successively higher prices. The buyers were utilities, intermediaries, and producers. Buyers are willing to pay higher prices to secure material and sellers, sensing that the momentum has shifted back in their favour, are raising offer prices with each new inquiry from buyers. As a result, TradeTech’s Spot Price Indicator rose this week to $53.00 per pound U3O8, up $5.00 from last week’s indicator.”
www.wildhorse.com.au
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