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    market news

    Uranium Market To Remain Subdued

    Investing News Network
    May. 18, 2010 09:27AM PST
    Long Tail

    Ninemsn reports on the uranium sector and its price.
    Uranium sector consultant TradeTech has left its weekly uranium spot price indicator at US$41.25/lb following last week’s transactions.
    The focus of the week’s activity was a 600,000lb sale on behalf of the US Department of Energy while three further transactions totalled 300,000lbs. The fact that the DOE’s agent […]

    Ninemsn reports on the uranium sector and its price.

    Uranium sector consultant TradeTech has left its weekly uranium spot price indicator at US$41.25/lb following last week’s transactions.

    The focus of the week’s activity was a 600,000lb sale on behalf of the US Department of Energy while three further transactions totalled 300,000lbs. The fact that the DOE’s agent was willing to accept lots of small bids, rather than one big one, had traders, producers and utilities all lining up, TradeTech notes.

    For complete news, click here.

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