Uranium

IF and P reports rising of uranium spot price.

IF and P reports rising of uranium spot price.

The article is quoted as saying:

On Monday, January 31, the uranium spot price reached US$73.00/lb, a US$3 increase WoW, resulting in a total monthly appreciation of the uranium oxide price of US$10.50 or nearly 17%.  TradeTech put the value marginally lower at US$72.25/lb. Compared with the same period last year, the spot price has surged by US$30.00 as the market was particularly active over the past month. China’s ambitious nuclear programme combined with producers’ reports that they will not meet supply targets have led to a shift from a buyers’ market into a sellers’ market.

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