Analysts are increasingly confident 2014 will be the year of the first reactor restarts in Japan, and expect the uranium price response to be swift and significant.
A quiet end-of-year mood has sunk in for buyers and sellers of yellowcake, reports industry consultant TradeTech.
Hot on the heels of Goldman Sachs’ exit, Deutsche Bank is now set to pull out of uranium trading, increasing market uncertainty and affecting a spot price fall.
The uranium sport price fell back slightly last week but the mid-term price indicator has risen on increased activity.
As uranium miners across the globe defer or cut production, the uranium spot price has found some renewed hope.
Project deferrals and cost cutting from uranium miners have helped the spot uranium price tick higher on a supply-side retreat.
Paladin produced a small positive cash flow in the September quarter but, brokers note, it was for the wrong reasons.
Eager sellers were taken out by some renewed buying interest in spot uranium last week, affecting a rebound in the spot price.
Spot uranium is suffering from a rush of traders trying to unload unwanted material by year-end.
Uranium sellers unable to secure buyers decided to hit the spot market this week, pushing down the spot price.