News of supply disruptions at Australian mines failed to spark much interest in the spot uranium market last week.
News of disruptions at Australian-owned uranium mines prevented the spot uranium price from falling back last week.
Speculators are pushing up spot uranium trading volumes and subsequently prices as utilities ponder their positions.
Uranium buyers indicated last week they were prepared to pay higher prices.
Interested uranium buyers have begun to queue in early 2015, forcing cautious sellers to back off their offer prices.
Paladin’s December quarter production and prices disappointed brokers but they concede the company is now better placed for any upside in uranium sentiment.
Spot U3O8 is on the rise and industry consultant TradeTech suggests overall activity bodes well for the first quarter of 2015.
Utilities appear to have satisfied their 2014 demand requirements and are looking to securing supply into 2015.
Activity is building in the term uranium market, where a new hybrid pricing model is emerging.
The surge and pullback experienced in the spot uranium price in November reflected the highest level of volatility since the Japanese tsunami and reactor accident.