Uranium Price Appears to Stabilize in the $90 to $95 Price...

Uranium Price Appears to Stabilize in the $90 to $95 Price Range
Source: Platts.com 08/28/2007
The spot price of uranium appears to have settled for now in a range of
$90 to $95/pound U3O8, according to Ux Consulting and TradeTech.

Both price-reporting companies said they are seeing indications of renewed buying interests at these levels, as well as signs that sellers are growing increasingly resistant to offer material at fixed prices below those levels.

If the price stabilizes, both companies said they expect buyer interest to increase. The rapid decline in the price over the past two months--from a high of $136 to $138 a pound at the end of June--left buyers hesitant to commit to a fixed price today if they believed the price was going to continue to fall.