Spot price falls, as does exploration spending

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.

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