Uranium Prices Increase 3 Percent; Traders Focus on $70 a Pound
Investing News Network - January 18th, 2011
Bloomberg reports an increase in uranium price and traders are focusing on a $70/lb price level.
Bloomberg reports an increase in uranium price and traders are focusing on a $70/lb price level.
The market news is quoted as saying:
Uranium prices rose 3 percent in the past week and traders are focusing on whether the nuclear fuel will test the $70 a pound level, according to Ux Consulting Co.
Uranium-oxide concentrate for immediate delivery traded at $68 a pound in the week to yesterday, UxC said in an e-mailed report today, based on the most competitive offer the Roswell, Georgia-based company was aware of. That compares with $66 on Jan. 11 and $62.50 on Jan. 4.