Uranium Spot Market Trading Volume Hits Record on Asian Demand

Bloomberg reports uranium spot market hits record high with the Asian demand.

The market news is quoted as saying:

Some 41.6 million pounds of uranium-oxide concentrate was sold in the market for the week ending Dec. 10, breaking a previous 1990 record of 40.6 million pounds, Denver-based pricing service TradeTech LLC said in a Dec. 10 report. The spot price rose 25 cents to $60.50 and new demand has emerged from a non-U.S. utility, TradeTech said.

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