Spot Uranium Drifts Downward

Platts reported spot uranium prices are continuing to drop at a slightly faster rate than earlier this year.

As quoted in the market news:

TradeTech on Friday lowered its weekly spot price to $51 a pound U3O8, a drop of 80 cents/lb from TradeTech’s price March 2. TradeTech said the drop was due largely to a lack of buying interest and “aggressively priced material offered by one motivated seller.”

Click here to read the full Platts report.