Uranium Week: Term Prices Moving Up

This story features PALADIN ENERGY LIMITED. For more info SHARE ANALYSIS: PDN

While transaction volume remains low, spot, mid-term and long-term uranium prices all continue to move higher.

-Uranium term prices take a leg up
-US aspires to nuclear leadership
-Paladin’s false alarm As uranium has in past years become a financial investment as well as a source of energy, last week the spot uranium price gained a financial boost from the resolution of the US debt ceiling, along with stock and other commodity markets.Volumes were again minimal nonetheless. TradeTech’s weekly spot price indicator rose US$1.10 to US$55.60/lb.The increase occurred on transactions concluded in the first two days of June. TradeTech’s price indicator as at end-May remained at US$54.50/lb, up from $53.75/lb as at end-April.Expectations for additional demand to emerge from the financial sector have been coupled with predictions of a rise in the uranium spot price, TradeTech notes. […]

Click here to view original web page at www.fnarena.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.