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US Government Caps Uranium Price
Mar. 08, 2011 01:33AM PST
Long TailFNArena reports on spot uranium and the uranium sector.
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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