Uranium Week: Follow The Leader

This story features LOTUS RESOURCES LIMITED, and other companies. For more info SHARE ANALYSIS: LOT

The spot uranium market fell victim last week to general financial market weakness following the latest US CPI data.

-Hot CPI sparks Wall Street sell-off
-Uranium stocks caught in the tide
-Term markets unmoved -Bell Potter initiates coverage of Lotus Resources Since financial entities moved in and made spot uranium a speculative plaything as much as an end-use consumable, the uranium market has become as much beholden to macroeconomic impacts on financial markets in general as it is to physical supply/demand. So it was last week when a “hot” US inflation print sent Wall Street tumbling.Industry consultant TradeTech reports the stocks in its uranium “StockWatch” basket fell an average -4.5% for the week.Which has little to do with the current global supply/demand imbalance and uncertainty within the uranium market. It did serve to force […]

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