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Financial Post reported a short-term dip in uranium prices is now a long-term slump as the trading price for yellowcake remains low.
Financial Post reported a short-term dip in uranium prices is now a long-term slump as the trading price for yellowcake remains low.
As quoted in the market news:
Eighteen months after the incident, uranium prices continue to hit new lows. The spot price sunk US50¢ to US$46.50 a pound this week, which is the lowest level since 2010, according to Ux Consulting. Investors briefly drove the spot price above US$135 in 2007.
The long-term price has also declined, though it is higher at US$60, reflecting the fact buyers will pay more for material delivered mid-decade or later.