According to Friday’s edition of Nuclear Market Review (NMR), “The spot price held steady this week, in large part, due to the uncertainty created by Cameco’s announcement late Friday that its Port Hope (Ontario) conversion facility will be shut down for a minimum of two months.” The weekly industry trade magazine left the TradeTech spot uranium price indicator unchanged at US$129/pound.
News announcing the facility’s closure for two months ‘is expected to place significant upward pressure on the spot price,’ according to NMR editor Treva Klingbiel. She estimated a ‘minimum loss of 2,000 tU of UF6 production’ during the shutdown.
uranium uturn
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 1631 | $13.69 |
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| Price($) | Vol. | No. |
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| $13.71 | 1905 | 2 |
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