Platts reported the uranium spot price as of midday is about $52.25 a pound U3O8, analysts said Tuesday.

As quoted in the market news:

Late last week, it appeared as if the spot price would move closer to $53/lb, as news began to circulate that producer Kazatomprom was interested in buying as much as 900,000 lb U3O8 for delivery between now and January.

Click here to read the full Platts report.