Commodities | Jan 15 2007
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By Rudi Filapek-Vandyck
Last week we reported the easiest question in global finance so far was what is the average spot price of uranium (U3O8) in calendar 2007 – it would seem the answer still remains the same in the third week of the new year.
Stockinterview.com reports that, according to TradeTech, buying activity has so far remained very low for U3O8 and as a result the spot price has again remained at US$72/lb.
Some market experts believe US utilities are anxiously awaiting more news from Cameco regarding its flooded Cigar Lake mining project scheduled for February.
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