Australian news, and some related international items

Yet another slide down for uranium price

Spot uranium price slides to near $40.50/lb: market sources  Washington (Platts Jasmin Melvin )–21May2013/231 pm EDT/1831 thumbs-downGMT  The uranium spot price has been pushed down slightly to $40.50/lb or lower in a market with ample supply but few buyers looking to make deals, market sources said Tuesday.

Three market sources said Tuesday that the spot uranium price could be stuck within a $40/lb to $41/lb range for the next couple of weeks.

“There’s a very limited number of buyers, and there seems to be more interest on the selling side — again not large numbers but enough that if someone comes in and says they want to sell, it’s pushing the price down a little,” one of the sources said.  Price publisher Ux Consulting said in its weekly report Monday that the market “can be characterized as rather quiet with a forward price curve that is about as flat as a pancake.” ….

May 22, 2013 - Posted by | Uncategorized

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