The margin between purchasing agents and distributors was largely unchanged this week with most buyers and sellers reluctant to bridge the gap to conclude transactions; however, two transactions were reported including utilities, producers and intermediaries.
By Luke Brocki – Exclusive to Uranium Investing News and U3O8.biz Despite some of the world’s biggest economies falling into recessions, uranium bulls continue to press that the metal may have found price bottom. Uranium prices continue to creep upward, fuelled by higher demand and lower supply in the form of troubling news from producers. [...]
By Luke Brocki – Exclusive to Uranium Investing News and U3O8.biz Last week, we found utilities were returning to the spot uranium market as buyers, and that sellers had renewed confidence in the long-term outlook for uranium. Price publisher Tradetech lowered its spot uranium price to US$3 to US$60 (and rival publisher Ux Consulting US$4 [...]
By Luke Brocki – Exclusive to Uranium Investing News and U3O8.biz The spot price of uranium continues to climb thanks to strong demand in the market. Price publisher Tradetech raised its price projection by US$3.25 to US$63.25 a pound U3O8 late last week, reporting the metal’s spot price gained steadily through the week, as buyers [...]
By Luke Brocki – Excusive to Uranium Investing News and U3O8.biz I’m back, baby! A line popularized by Seinfeld’s George Costanza, arguably the greatest sitcom character of all time, can now confidently be applied to spot uranium prices, which are strengthening for the first time in 2008, much to the delight of investors. Price publisher [...]
Monday, June 14, 2010