Uranium Week: Video Killed The Radio Star

Interest in the uranium spot market is waning, as interest in uranium term markets heats up.

-Interest fading in spot uranium market
-Term markets remain active
-Global demand continues to grow
-Supply doesn’t
A total of 12 transactions involving 1.2mlbs U3O8 equivalent were recorded in the uranium spot market in November, industry consultant TradeTech reports, compared to 4.5mlbs in October. The majority of this activity occurred during the first half of the month, before activity stalled as the US Thanksgiving holiday approached, which is not unusual.TradeTech’s spot price indicator closed out the month at US$49.75/lb, down from US$52.25/lb at end-October.Sellers re-entered the market following the Thanksgiving weekend, but buyers didn’t. By last Friday, after sellers continued to drop prices, one transaction had been reported for 200,000lbs at US$48.00/lb, down -US2.00/lb week on week.This price movement runs counter to activity occurring in the term uranium markets. Multiple US and non-US […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet