Mining Journal reports Cameco Corp.,(TSE:CCO) uranium giant lowers its uranium sales forecast for 2010. The company attributed the lower sales expectations on the deferral of deliveries by some customers to 2011 and to the “discretionary nature” and lower prices on the spot market. For compelete editorial, click here. For Cameco’s news release, click here.
FN Arena reports on the price of uranium and the performance of uranium sector in the last month. Industry Consultant Trade Tech’s uranium spot price indicator settled at US$41.75/lb to the end the month of June. For complete news, click here.
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 [...]
FNArena reports uranium price remains steady with no trading last week. In fact, so quiet that no transactions were recorded and the group’s U308 Weekly Spot Price Indicator stayed put at $54.00. For complete story, click this link. Follow developments in uranium mining and exploration for free.Sign on to the Uranium Investing Newsletter.
FNArena reports Ux Consulting has left its spot uranium price at US$64.50/lb this week. as activity in the spot market has all but dried up rapidly after weeks of frantic activity in June and July. For complete story, click this link. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.
Friday, August 13, 2010