Commodities | Aug 28 2007
By Rudi Filapek-Vandyck
The message from industry consultants TradeTech and UX Consulting remains clear: sellers are very uncertain about what to accept for their product and buyers are still looking on from the sidelines so spot prices continue to be weak.
TradeTech cut its weekly U3O8 price indicator by US$10 to US$95/lb this week, still US$5 above the price released by Ux Consulting last week.
TradeTech’s new assessment also indicates spot uranium prices might find support at the longer term price of US$95.
