The US long weekend and the upcoming annual industry conference meant for a quieter but more stable spot uranium market last week.
The uranium spot price fell further last week as a timing mismatch between supply and demand continues to play out.
The fallout from a withdrawn buy order has dissipated leaving spot uranium steady with no net change to prices last week.
The withdrawal of a large prospective buyer in the spot market saw uranium prices lose their only support last week, leading to a price fall.
After last week’s price spike, spot uranium steadied this week as the market awaits pricing on a large order.
Paladin Energy called off the partial sale process at Langer Heinrich and chose to make a placement. Brokers look at how this affects the balance sheet.
The spot uranium price bounced US$1.25 last week as long awaited larger orders hit a market wallowing up to that point.
By Rudi Filapek-Vandyck, Editor FNArena Share market indices are back above 5000, and hanging around at levels above what used…
The uranium price has fallen another US$2.00, making it look like sub US$40 prices might be here for a while.
Uranium prices continued to soften last week, with sellers scrambling to secure deals on ever falling prices.