Antinuclear

Despite Japan restarting 2 nuclear reactors, uranium market stays sluggish

Gap Grows Between Uranium Buyers and Sellers, 9 News 4 July 12, A slow week last week ended what was a slow month for uranium trading. Spot prices barely budged on the 15 transactions reported in June by industry consultant TradeTech, with sellers unwilling to drop their prices and buyers not willing to pay more.

With traders comprising the vast majority of both buyers and sellers in the bulk of the transactions reported over the past several months, TradeTech notes the spot uranium price remains stuck between the lack of committed buyers and what are fairly unmotivated sellers at current levels.

Last week’s news that Japan had officially green-lighted the restart of two reactors did see a bit of renewed optimism in the market, but what seems to be an increasingly stubborn spot uranium market remained sluggish, with the announcement yet to produce any sort of uplift in prices.

July 4, 2012 - Posted by Christina Macpherson | General News