Spot Uranium Holding Steady, But Expected to Fall in Coming Weeks

Platts reported that spot uranium prices are holding steady around $39.50/lb, although they are expected to struggle in the coming weeks.

As quoted in the market report:

Ux, in its weekly report Monday, said the spot U3O8 price was $39.50/lb, unchanged from Friday, but that the market “could see further erosion as the month wears on.” It added, “The overall demand situation may not improve anytime soon,” noting it is unlikely “that Japanese reactors will see a surge in restarts in the near future.

To view the whole Platts report, click here.