Commodities | Jun 24 2009
By Rudi Filapek-Vandyck
“Robust demand” is probably the key term used in industry consultant TradeTech’s weekly update on the uranium market this week.
Robust demand, reports TradeTech, is currently underpinning ever higher prices in spot deals done. The past week saw the consultant lift its weekly spot price benchmark by US$3 to US$55/lb. The longer term price indicator remained unchanged at US$65/lb.
In the week ending on Friday, TradeTech recorded nine spot transaction deals totaling over 1.9 million pounds U3O8 equivalent.
Fellow-consultant Ux Consulting only raised its own weekly price indicator by US$1 to US$54/lb this week.
