Spot Uranium Prices Skid to Seven-Year Low

Platts reported that a growing uranium supply has pushed spot uranium prices down to a seven-year low.

As quoted in the market report:

In its weekly report Friday, TradeTech said sellers “with near-term cash-flow concerns and anxious over the drop in the spot price” have concluded deals for “small lots at prices low enough to encourage discretionary buying.” They remain hesitant, however, to part with large quantities of material at prices below $40 a pound U3O8, the once-accepted price barrier among market participants.

To view the whole Platts report, click here.