Uranium

CRU Group has updated its medium term price expectations across the spectrum of metals, minerals and fertilisers.

The last few weeks have seen an increasing amount of positive chatter coming from the uranium market, but talk is cheap and U308 still sits close to US$50/lb.

It was a little busier in the uranium spot market last week, with not only some signs of life, but rumblings of new demand.

Weekly update on recommendation, target price, and earnings forecast changes.

Another slow, low volume week on the uranium market saw the spot price slip a little further.

Uranium spot prices slipped again last week, although speculative talk of eventual increases in demand and higher prices continue to intensify.

The uranium spot market was a little busier last week than the week prior, but pressure to sell has taken another slice off short term pricing.

Canadian research house Raymond James has resumed coverage on global uranium producers, foreseeing solid price upside commencing late this year.

FNArena’s weekly update on short positions in the Australian share market.

Another slow week in the uranium spot market sees the price slip a little further on very slim volumes.