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IBTimes reported the first quarter of 2012 has been quiet for trading uranium.
IBTimes reported the first quarter of 2012 has been quiet for trading uranium.
As quoted in the market news:
No one is much interested in buying the quantity of UF6 on offer in the US and while demand remains forU3O8 the only supply of note is in Europe and genuine buyers are looking for supply contracts a little longer dated than spot. The end result has been a quiet March for uranium in quarterly terms. March monthly spot volumes were an improvement on February but March 2012 saw only 6.9mlbs of U3O8 equivalent change hands compared to 18mlbs in March 2011, industry consultant TradeTech reports.
Click here to read the full IBTimes report.