Uranium Market Lacks Pressure Necessary for Price Rise

IBTimes reported that 800,000 lbs of uranium sold last week pushed the TradeTech price up just 15 cents with limited demand for yellowcake.

As quoted in the market news:

Activity in general remains sluggish, and while two transactions were reported last week in the term market they were both pretty small by term market standards. One utility sought 1mlbs of U3O8 for delivery over three years and another sought 1.2mlbs for delivery over four years. TradeTech’s term price indicators remain at US$53.50/lb (mid) and US$60.00/lb (long).