Received today on U3O8 pricing -
Re: Market Commentary - Thursday, February 26, 2009
Title: Uranium fundamentals strong
Publisher: U3O8.biz
Author: Melissa Pistilli
________________________________________
Since the global economic crisis began last September, uranium has surprisingly been one of the few commodities actually performing well in terms of price. Although the spot price is hovering around $47/lb, the majority of uranium sales have come through long-term contracts priced around $70/lb. Still far below the record $138/lb. we saw in 2007, but uranium producers are managing good margins.
For the full text go to http://www.u3o8.biz/
Cheers
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