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    market news

    Spot Uranium Trades Lower than $41 A Pound

    Investing News Network
    Nov. 07, 2012 11:01AM PST
    Energy Investing

    Platts reported TradeTech and Ux Consulting say the spot price of uranium in the market on Wednesday is less than $41 a pound.

    Platts reported TradeTech and Ux Consulting say the spot price of uranium in the market on Wednesday is less than $41 a pound.

    As quoted in the market news:

    And given continued bearish sentiment in the market, some analysts are not ruling out the possibility that the spot price could fall $40/lb before the end of the year. UxC said that the price has not been $40/lb since March 2006.

    TradeTech on Friday lowered its weekly spot price to $40.75/lb, down $2.25/lb from its October 26 price.

    Click here to read the full Platts report.

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