Uranium Transactions Fall to Raise Spot Price

IFandP reports on the recent uranium transactions with lower prices.

The market news is quoted as saying:

New spot demand emerged as a financial body entered the market seeking offers for up to 250,000lb, due no later than 30 August.

On 29 August, The Ux Consulting Co reported a US$1.50 fall in the uranium spot price to US$49.00/lb of uranium oxide.

Over the past month, uranium oxide prices decreased by US$2.50 while conversion rates at both sides of the Atlantic saw 75 cents shaved of their end-of-July price to US$10.00/kgU. Uranium hexafluoride prices fell by US$7.28 to US$138.03/kgU during this period.

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