Uranium price shows signs of stabilising

IFandP reports on the uranium price and the uranium sector.

The market news is quoted as saying:

After the recent, larger falls in the uranium spot price, its level appears now to be stabilising. In the week running up to April 1, the price decreased by US$1.50 to US$58.50/lb, according to TradeTech. Eight transactions were completed with traders, producers and utilities acting as buyers as the drop in prices has generated highly discretionary and price sensitive demand. At the start of this week, on April 4, the Ux Consulting Company noted a US$3.50 WoW drop in the weekly spot price for uranium oxide, down to US$59.00/lb.

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