Commodities | Dec 19 2007
By Rudi Filapek-Vandyck
Industry consultant Ux Consulting has followed peer TradeTech and lowered its weekly spot price indicator for uranium oxide (U3O8) to US$90/lb this week.
As UxC had already lowered its price indicator to US$92/lb last week, this week’s price fall is relatively smaller compared with TradeTech’s US$3 price drop.
But maybe the message investors should remember is that financial participants are again in the market as forced sellers and this is likely to result in further price declines in the weeks ahead.
