March 12, 2008
Uranium again on the rise
If you've been following the uranium market over the last few weeks, you're getting used to seesawing spot prices as the market finds a bottom.
This week, the metal is again on the rise, after showing some signs of strength on the spot market. Industry indicator Tradetech reported the emergence of new demand and one transaction involving 100 thousand pounds U3O8 last week.
Tradetech noted several sellers raised their offer prices over the course of last week, with buyers showing a willingness to pay slightly more for uranium than had been the case in recent weeks.
Tradetech raised its uranium spot price US$1 to US$74 a pound U3O8 and rival indicator Ux Consulting left its price flat, also at US$74 a pound.
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