Yahoo News reports TradeTech with effect of March 1st will commence publishing a daily uranium spot price indicator to reflect data from completed and pending transactions in the uranium spot market.
Yahoo News reports TradeTech with effect of March 1st will commence publishing a daily uranium spot price indicator to reflect data from completed and pending transactions in the uranium spot market.
The market news is quoted as saying:
The uranium spot market has witnessed more vigorous trading activity over the past two years, with a wider range of buyers and sellers. This has led to greater price volatility. In fact, the increase in the spot price last year, which climbed above US$60 per pound of uranium oxide (U3O8) for the first time in over two years, was also supported by record spot market activity. Total spot uranium sales volume in 2010 reached 42.8 million pounds U3O8—the highest level since 1990.
TradeTech’s President, Treva E. Klingbiel says:
“The uranium market is evolving. Due to increased influence of financial players, today’s uranium spot market is more closely aligned to other commodities than it was five years ago. While volumes traded by the financial community are relatively small compared to overall nuclear power industry needs, they are significant in the uranium spot market, which had been traditionally thin and illiquid”
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1776.14 | +0.68 | |
Silver | 20.09 | -0.04 | |
Copper | 3.62 | -0.01 | |
Palladium | 2155.49 | +10.49 | |
Platinum | 934.94 | +0.94 | |
Oil | 87.13 | +0.60 | |
Heating Oil | 3.45 | +0.01 | |
Natural Gas | 9.44 | +0.11 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.