Platts reported that spot price of uranium remains stable at $42.25 per pound on steady demand amid the US spring break season.
Articles Tagged "uranium spot price"
This week, the uranium spot price fell 50 cents, to $43 per pound U3O8; however, the market is anticipating higher prices down the road.
An extremely destructive storm in Kazakhstan led to a temporary suspension of uranium mining in the Sozak region.
Germany's views on the nuclear renaissance may have flipped, but nations like China, France, Argentina, Bangladesh and even oil-rich Saudi Arabia are staying the course.
Industry analysts see early signs of a crucial turnaround for both uranium spot prices and uranium mining shares as the market heads toward a supply deficit.
Uranium market news is slow heading into the holidays, but signs that the world is moving toward increased use of nuclear power are evident.
Industry analysts expect a seasonal slowdown in uranium spot market activity as we approach the holidays.
In this post-Fukushima world, uranium investors need to remember a key fact about the U3O8 spot price: utilities are not responsible for the recent noteworthy decline to just over $40 per pound — the lowest weekly level since March 2010, a full year before Fukushima.
The uranium spot price continued to slide this week, yet confidence in the long-term outlook for the uranium market remains positive. Industry insiders are looking forward to strong demand expected to come from the numerous reactors under construction worldwide.
A Dundee Securities analyst believes that the uranium market has hit its bottom. More positively, prices are seen climbing this year and into 2013 as Japanese reactors come back to life and the Megatons to Megawatts program expires.