spot price at 60.25 The spot price for uranium rose steeply at the end of October. Spot uranium prices have been under constant upward pressure for the past 16 months due to extremely tight near-term supply. The recent news of a flood at Cameco’s Cigar Lake mine has exacerbated the situation and sent uranium prices soaring. TradeTech’s Exchange Value of $60.25 per pound U3O8 is the highest reported price for uranium since the Exchange Value was first published in 1968, marking the fifth month in a row of eclipsing the historical high of $43.40 reported by NUEXCO in 1978. more
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