spot price falls to new post-fukishima low, page-91

And don't forget that the spot price these days is driven not so much by supply and demand, but by traders, speculators, hedge funds, and ETFs, all of which can and do now trade uranium - well, the paper variety at least.

Also, the volume actually traded at spot is very small, and is usually a utility company topping up.

I'm aware that Paladin's AVERAGE in its last quarterly was $49-ish, but it has recently got two new contracts, one for $200m and another to supply European/French utilities right in Areva's back yard. And these new contracts are at long term contract prices.

So it would mean a lot more to monitor the long term contract prices - even though the spot price is more "visible", gets more publicity, and tends to affect sentiment for the traders. It shouldn't, but it does.