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    market news

    Spot price falls, as does exploration spending

    Melissa Pistilli
    Jan. 19, 2009 08:59PM PST
    Market News

    Uranium Investing News & U308.biz reports uranium spot price falls according to Ux Consulting. Tradetech’s uranium price estimate hasn’t budged this year, sitting stable at US$52 a pound, analysts suspect sellers are starting to soften, reducing prices to attract buyers. UxC says six-month delivery times on contracts are starting to gain in popularity, replacing shorter …

    Uranium Investing News & U308.biz reports uranium spot price falls according to Ux Consulting.

    Tradetech’s uranium price estimate hasn’t budged this year, sitting stable at US$52 a pound, analysts suspect sellers are starting to soften, reducing prices to attract buyers. UxC says six-month delivery times on contracts are starting to gain in popularity, replacing shorter terms. This has historically been good news, but longer contracts won’t turn the tide in a soft market without help from a strong spot price.

    For complete story, click this link. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.

     

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