US Government Caps Uranium Price

FNArena reports on spot uranium and the uranium sector.

The market news is quoted as saying:

The uranium spot price had been sailing furiously northward when a couple of weeks ago a large non-industry seller came into the market with an order of 800,000lbs to sell and sparked a blow-off top. Having peaked at US$73.00/lb a month ago, last week spot uranium fell US75c to US$66.75 on the basis of industry consultant TradeTech’s price indicator.

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