Commodities | Aug 12 2008
By Rudi Filapek-Vandyck
Industry consultant TradeTech reports the uranium oxide (U3O8) spot market only saw two deals being successfully concluded in the past week, possibly indicating overall activity is slowing in the sector.
It didn’t cause any changes to the consultant’s weekly spot price indicator, which has remained unchanged at US$64.50/lb. TradeTech’s longer term price indicator, lowered last week to US$80/lb, equally remained unchanged over the past week.
TradeTech believes there were no deals concluded in the longer term market, while no new demand was reported for spot transactions.
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