Uranium Week: Here They Come

Buyers of uranium have not waited for the northern summer to end, as had been expected, to move into the market.

-Volumes up in August, U3O8 spot price responds
-Term prices increase
-Cameco downgrades production guidance
-Morgan Stanley suggests “uranium awakes”
The end of the northern summer for the uranium industry came earlier than expected, industry consultant TradeTech reports, with transactional activity picking up significantly during the last week of August.There had been an expectation there would be an uptick in activity in September and October as buyers returned to the market after the end of summer holidays.But a number of buyers, looking to move ahead of what is expected to be a crowded buying arena in the next few months, took the decision to advance their plans and initiated purchases last week.A total of eleven transactions were concluded in the spot market, with prices increasing sharply as each […]

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