Uranium spot price holds at $40.75/pound in continued weak market

Platts.com reports TradeTech and Ux Consulting, uranium price publishers indicated that uranium spot price holds at $40.75 per pound in the weak markets.

But there are growing signs that a number of large utilities in Asia and Europe are poised to enter the medium- and long-term markets for substantial quantities of uranium, several market sources said. That activity should result in a major move up in the medium- and long-term prices, said one analyst, adding that spot prices will likely follow suit.

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