Volatility Hits Uranium

FNArena reported on uranium’s volatility since last week.

The market news is quoted as saying:

The spot uranium price has been quietly bouncing back from below the significant US$50/lb level in recent weeks as it recovers from the shift away from a nuclear energy focus among some developed economies. Last week began as no exception, with the spot price pushing up US50c to US$54.00/lb mid-week. However, Thursday night’s action in global stock and commodity markets finally had an impact on a sport uranium market which has to date been relatively removed from panic over Europe.

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