"Uranium miners slid after a heavy fall on the spot market overnight. The spot price of uranium tumbled 8.46% to US$84 a pound. The sell-off followed reports of a state-owned Uzbekistan producer negotiating with a Chinese state-run producer to develop two new mines. Uzbekistan's president has set a target of doubling national uranium production by 2030. In the US, Cameco dropped 5.74%, NexGen Energy 3.62% and Uranium Energy 3.71%."
This is a quote from highlandlad's daily post on the state of the markets that he posts in the ASX Day-Trading forum.
I think there is still some room to move downwards as more production comes online and the big producers iron out issues to bring mines back online.
Spot price? What’s going on, page-3
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11.0¢ |
Change
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Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $1.538M | 14.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 268799 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 5585591 | 46 |
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