Uranium Market Achieves Record Spot Market Transaction Volume

Uranium Market Achieves Record Spot Market Transaction Volume

"An increase in uranium buying interest from the utility and non-end user sectors has resulted in higher offers for all buyers in the mid- and long-term delivery periods,” said TradeTech President Treva Klingbiel. The uranium market continues to observe high transaction volume, which reached a new record in September with 14.5 million pounds U3O8 (triuranium oxide) equivalent transacted in the spot market—the largest transaction volume recorded in a single month since 1996, according to industry consultant TradeTech.

This is the second consecutive month for record transaction volumes in the uranium spot market. A total of 13.2 million pounds U3O8 equivalent traded hands during the month of August, notes TradeTech, the longest-running uranium price reporter.

In August, the increase in the spot uranium price outpaced prices observed in the mid- and long-term market sectors. However, that trend was reversed in September. Beginning in the second half of the month, spot prices started […]

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