Australian news, and some related international items

Same old story of lousy uranium prices – no sign of improvement

Spot uranium price unchanged at $50.75/lb U3O8 in weak market, Washington (Platts)–26 Jun2012 The spot price for uranium was unchanged over the last week at about $50.75/lb U3O8, prompting one analyst to describe the market as”stuck” with few buyers or sellers anxious to make a deal.

TradeTech on Friday kept its weekly price at $50.75/lb, saying that spot uranium demand “continues to be dominated by highly price sensitive and discretionary demand, and while spot supplies are currently sufficient to meet demand [and] sellers are not actively seeking to push material to the market.”…

June 27, 2012 - Posted by | Uncategorized

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