Uranium Price Contracts as New Material Enters Market

Industrials Fuels and Power reports on spot uranium market concluding with 5 transactions this week.

The market news is quoted as saying:

However, highly discretionary demand combined with a new supply of 500,000lbs for delivery between now and October to depress prices. As a result, the spot uranium price fell by US$1.50 to US$51.75/lb, according to Tradetech.

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