Uranium Price Surpasses $50 for First Time Since 2012

TradeTech’s spot market price for uranium rose to US$50.50 per pound uranium oxide (U3O8) today—-the first time since July 2012 that the uranium market has seen a spot price surpass the $50 price level.

TradeTech’s Daily Uranium Spot Price Indicator has climbed just over $10, or 25 percent, in the past week, as spot market activity has risen steeply amid buying activity from financial groups, traders, and utilities, with financial entities accounting for the majority of the recent purchases. The spot market price for uranium rose to US$50.50 per pound uranium oxide (U3O8) today—-the first time since July 2012 that the uranium market has seen a spot price surpass the $50 price level.

Industry consultant TradeTech’s Daily Uranium (U3O8) Spot Price Indicator has climbed just over $10, or 25 percent, in the past week, and $20 or 66 percent in the last month, as spot market activity has risen steeply […]

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