Commodities | Mar 11 2008
By Rudi Filapek-Vandyck
Industry consultant TradeTech has followed the lead by colleague Ux Consulting and upped its weekly spot price indicator for U3O8 by US$1 to US$74/lb. This is far from surprising given there only was one deal concluded in the spot market last week.
However, TradeTech believes there is reason for optimism as two utilities have entered the market, making enquiries without making too much noise about it at the same time. This would imply buyers interest is growing, while sellers have continued to raise their prices, raising the odds for further recovery of the spot uranium price, TradeTech suggests.
TradeTech’s long term price indicator has remained unchanged at US$95/lb.
