Spot Uranium Stable At US$72/lb

Array
(
    [0] => Array
        (
        )

    [1] => Array
        (
        )

)

By Rudi Filapek-Vandyck

The average uranium spot price so far this year? This must be the easiest question around these days in global finance. It’s US$72/lb and it has been again confirmed by both consultancy firms who take the effort of putting a weekly figure to the U3O8 question on behalf of US utilities and global investors.

Ux Consulting reconfirmed this week the US$72/lb it had reported on the first day of the new calendar year. In between, TradeTech, the other consultant, reported the same figure.

Just as a reminder: on UX Consulting figures the U3O8 spot price entered calendar 2006 at US$45/lb.

For those looking on the latest updates on experts’ price forecasts for 2007 and 2008: please see a two part update by Stockinterview.com in the (more) Sources of Wisdom section on our website www.fnarena.com.

Click to view our Glossary of Financial Terms