There was a little more activity in the uranium market last week, although it did little to help spot prices.
Investment U’s David Fessler suggests investors should position for a renaissance in global uranium demand.
Last week was a slow one on the uranium market, but there is increasing news, talk and hope that indicates demand must pick up.
Light activity, thin demand and increasingly stubborn sellers still delivered a small lift to the uranium spot price last week.
Spot uranium prices have ticked a little higher in May after what was a difficult April.
Last week was a slow week, but also a positive week, as buyers grudgingly agreed to slightly higher prices.
Buyers hunting bargains and sellers hunting cash saw the uranium price pull back a little more.
While most of the uranium world gathered for the World Nuclear Fuel Cycle conference last week in Singapore, slim volumes helped push prices lower.
Last week was another quiet one in the uranium market, with participants battening down the hatches ahead of the World Nuclear Fuel Cycle conference.
March was a slower month in the uranium market, with many likely thankful for the rest after the bumpy ride in February.