Media - In the Market

Update for the public provided three days after publication.

May 11, 2012 - Five transactions are reported this week in the spot uranium market. Traders remain the most active buyers with utilities also completing purchases. The momentum and upward price pressure created from the strong increase in mid- and long-term demand in recent weeks dissipated slightly this week. The spot uranium price remains stable for the moment, with neither buyers nor sellers exerting strong pressure on the market. However, one buyer is contemplating entering the market, which could potentially exert additional upward pressure on prices. TradeTech’s Weekly U3O8 Spot Price Indicator is $52.00 per pound U3O8, unchanged from last week and unchanged from the May 10 Daily U3O8 Spot Price Indicator. read more