Commodities | Mar 18 2010
By Rudi Filapek-Vandyck
Earlier this week we reported that dynamics in the spot uranium market seemed to have made a turn for the better, at least for those looking to sell.
This picture has now been confirmed by the latest move in the weekly spot price benchmark as set by industry consultant Ux Consulting. UXC raised its weekly spot price indicator by US50c to US$41.25/lb.
Earlier, fellow-consultant TradeTech raised its own spot price indicator to US$40.75/lb.
It's probably a fair assumption that spot uranium has seen its bottom, for now.
See also recent stories by FNArena on uranium:
“Brave Sellers Meet Stoic Buyers In U3O8 Spot Market”
“Spot Uranium Might Have Seen The Bottom”
“Death Cross For Global Uranium Stocks”
