Media - In the Market
Update for the public provided three days after publication.
Apr 18, 2014 - Mounting anxiety and a lack of buying interest permeated the uranium spot market this week. Despite optimism for reactor restarts in Japan later this year and concerns about potential supply disruptions related to US and European sanctions against Russia, activity in the spot uranium market was exceptionally slow this week as prices continue to slide and buyers remain elusive. The spot uranium price dropped to $32.50 per pound U3O8--an eight-year low--with only three spot transactions reported for the week. The exit of Deutsche Bank and Goldman Sachs from the uranium trading market has contributed to a drop in market liquidity and has exerted pressure on sellers, with several lowering offer prices in an effort to conclude transactions. TradeTech’s Weekly U3O8 Spot Uranium Spot Price Indicator is $32.50 per pound U3O8, a drop of $0.75 from last week’s value and unchanged from the April 17 Daily U3O8 Spot Price Indicator. read more