Uranium has biggest monthly surge since June 2007

FP reports since the past week uranium prices surged 4.3% and gained US$10.50 in January alone.

Uranium-oxide concentrate for immediate delivery traded at US$73 a pound in the week to yesterday, UxC said in an e-mailed report Tuesday, based on the most competitive offer the Roswell, Georgia-based company was aware of. That compares with US$70 on Jan. 25.