Uranium market shifts as sellers raise prices

Industrials Fuels and Power reports on the uranium market shifts between sellers and buyers in the recent weeks.

The price for uranium oxide slipped this week by US$0.25 to US$42.00/lb on March 29, according to UxConsulting. However, TradeTech reported a US$0.75 rise to the same level on March 26 as it reported four transactions over the week. A non-US utility entered the market looking for 300,000lb of uranium oxide or its equivalent in UF6, in individual lots of 100-200,000lb or in its entirety. It s set an offer deadline by April 7. A shift in the market has been observed with sellers raising prices.

For complete news, click here.