Uranium

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The fallout from a withdrawn buy order has dissipated leaving spot uranium steady with no net change to prices last week.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.