Uranium Market To Remain Subdued

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.

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