Deals & expansions stir amid slumbering spot uranium market

Uranium Investing News & U3O8.biz reports uranium spot market remains unchanged this week.

First, the numbers. Price publisher Ux Consulting left its spot price estimate flat at US$53 a pound U3O8, as did rival publisher Tradetech, at US$52 a pound U3O8. UxC says the market is quiet and could stay that way for a number of weeks, seeing as sellers are in no hurry to attract buyers. At least not in a big enough hurry to warrant lowering prices to boost demand. Uranium’s long-term price is also unchanged this week at US$70 a pound U3O8, a level at which it’s expected to stay through the end of January.