Uranium Continues Its Retreat

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Thu, Jan 28, 2010
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Post by Melissa Pistilli, Uranium Reporter

Ninemsn.com reports uranium’s retreat in the new year 2010.

Industry consultant TradeTech’s U3O8 Spot Price Indicator showed a decline of US$1.25/lb to US$42.50/lb over the course of last week.

There were only three transactions reported in the week ending Friday, which involved less than 600,000 pounds U3O8 equivalent. The buyers included utilities and intermediaries and even while Trade Tech notes that five utilities are currently seeking offers for just over one million pounds U3O8, offers by a number of sellers that were below-market prices were unable to attract increasingly price concious buyers.

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Asides

  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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