Spot Uranium Prices Fall By More Than $2 Over the Week

Oct. 16, 2012 11:02AM PST

Platts reported the spot price of uranium fell by more than $2 over the past week to $43.50/lb U3O8, price reporting companies TradeTech and Ux Consulting.

As quoted in the market news:

The decline represents the biggest weekly drop since April 2011 right after the accident at Japan’s Fukushima 1 nuclear plant, UxC said.
TradeTech on Friday cut its weekly price to $43.50/lb U3O8, $2.25 below its October 5 price. The company said “driving force” in the decline was “a clearly pessimistic view about near-term spot demand from both discretionary and ‘have- to’ buyers.”

Click here to read the full Platts report.

The Conversation (2)

Charlotte McLeod

24 Jul, 2014

Hi Tyson and InvestTreatyArb, Thank you for comments, you're both absolutely right. We've changed the title of the post to accurately reflect Gold Reserve's press release. My apologies for the error. Charlotte McLeod Assistant Editor