Media - In the Market
Update for the public provided three days after publication.
Dec 12, 2014 - The pace of activity in the spot uranium market remains slow but steady in December, with seven transactions reported this week. Utilities were largely absent from the spot market this week; traders, financial entities, and producers were responsible for the majority of recorded transactions. Buyers have largely satisfied any outstanding 2014 needs and have shifted their focus to deliveries in the first half of 2015. Supplies are less restricted in 2015, and sellers are a bit more willing to accept lower prices in exchange for a more flexible delivery window. As a result, spot uranium prices slipped over the course of the week, dropping to $37.00 per pound U3O8, and recovering slightly to close out the week at $37.25 per pound U3O8. TradeTech’s Weekly U3O8 Spot Price Indicator is $37.25 per pound U3O8, down $0.60 from last week’s value and up $0.25 from the December 11 Daily U3O8 Spot Price Indicator. read more