In the Market ... Last week uranium buyers enjoyed a brief...

In the Market ...
Last week uranium buyers enjoyed a brief respite from the weekly price increases of the past few months. However, the spot uranium price is once again on the move due to pressure from increasing demand. TradeTech’s Uranium Spot Price Indicator is $61.00 per pound U3O8, up $0.75 from last week. Several new buyers have entered the spot market seeking offers. Those sellers seeking to complete sales in order to fulfill end-of-year cash needs, now appear to be satisfied. Several sellers remain in a “wait and see” mode, firm in the conviction that the news from Cameco in a few months regarding the future of the Cigar Lake mine will lead to further price increases. more