Tighter long term market for uranium ahead

Mineweb reports spot uranium is under pressure.

The market news is quoted as saying;

TradeTech has marked its end-June spot price indicator at US$51.50/lb, representing a 9% drop from May. The consultant notes there was a big rush to sell in the last couple of days of June at a time when buyers are still uncertain over what path global nuclear energy might take from here. One “aggressive” seller was looking to place material quickly, but the fact remains that in the short term at least, the supply-side looks overladen.

Click here to access the entire news .