Spot uranium price slips; exploration continues

- February 2nd, 2009

Uranium Investing News & U308.biz report uranium price slips to $48/lb u308. Ux reported that at least one seller dropped its offer price in order to attract buyers. Trouble is, for sellers, utilities are still happy using material from their well-stocked inventories. According to Ux, delivery times for uranium were also getting longer, with mid-term … Continued

Uranium Investing News & U308.biz report uranium price slips to $48/lb u308.

Ux reported that at least one seller dropped its offer price in order to attract buyers. Trouble is, for sellers, utilities are still happy using material from their well-stocked inventories. According to Ux, delivery times for uranium were also getting longer, with mid-term delivery schedules preferred over immediate delivery options, thus, even though demand is present, it’s not on material for immediate delivery.

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