Uranium

After suffering a substantial price collapse in 2016, uranium has begun 2017 in a slightly brighter mood.

A landmark decision by Illinois lawmakers is still reverberating through the global uranium sector.

The spot uranium finally enjoyed a small bounce last week.

Supportive news on both the demand and sell sides has not prevented the uranium spot price falling further still.

For once the spot uranium price did not fall over the week. Has a bottom been found?

The second weekly drop in 2016 in excess of 10% has spot uranium trading at its lowest level since 2004.

The first jump in the uranium spot price since July proved fleeting. We’re back where we started.

The spot uranium price actually moved up last week for the first time in over two months.

Last week saw the uranium spot price fall a further 8%, to mark a 14% fall in the month of September.

Spot uranium demand from utilities has picked up of late but sellers are the more urgent party, leading to further price falls.