Commodities | Nov 13 2009
By Rudi Filapek-Vandyck
The weakness in spot uranium prices might have slowed, as indicated by industry consultant TradeTech earlier this week, but this does not necessarily mean spot U3O8 has found a bottom yet.
It turns out fellow industry consultant Ux Consulting has lowered its own spot price indicator by US50c more than TradeTech this week.
On TradeTech’s assessment, the spot price has now fallen to US$46/lb, but UxC put it at US$45.50/lb, one dollar lower than the price level at the end of the preceding week.
It’ll be interesting to see what the next few weeks will bring as overall market activity is likely to become increasingly subject to the fact that end of year holidays are drawing closer and closer.
