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FN Arena reported that the uranium spot price came under pressure in the last week.
FN Arena reported that the uranium spot price came under pressure in the last week.
As quoted in the market news:
Term uranium prices slipped initially after the Fukushima disaster but for many weeks prices have remained stable in a quiet market while spot traders have battled back and forth around the significant US$50/lb level in somewhat of a vacuum of uncertainty with respect to uranium’s future. Last week, however, those stable term prices finally gave way.
Industry consultant TradeTech’s mid-term price indicator has fallen US$1.00 to US$55.00/lb and TradeTechs’ long-term price indicator has fallen US$2.00 to US$63.00/lb. The price falls may not be large but they are nevertheless significant in a market now dominated by the collapse of Japanese demand.