Antinuclear

Economic facts remain bad for the uranium industry

Uranium sags once more 9 news Finance. 20 Aug 13   “…..Once again the floor was pulled out from under the spot market, and prices have responded accordingly. Some 800,000lbs of U3O8 equivalent did change hands in several transactions over the course of last week, but prices trended lower with each trade now that the sellers are on the hop once more. TradeTech’s weekly spot price indicator has fallen US75c to US$35.00/lb.

These fluctuations in the spot price are having their effect on the term market. A number of utilities are looking to enter the term market for supply contracts, TradeTech reports, but none appears in a great hurry while price movements are unclear. No term transactions were reported last week….http://finance.ninemsn.com.au/newscolumnists/greg/8709269/uranium-sags-once-more

August 21, 2013 - Posted by Christina Macpherson | Uncategorized